Tuesday, May 19, 2009

Sugar company buyout for Everglades restoration approved by board

The state of Florida's buyout of U.S. Sugar Corp. to restore the Everglades is a step closer to reality after the South Florida Water Management District approved of the deal last week, according to the Miami Herald and other sources.

The water district's governing board agreed to a scaled-back version of the original plan for the state to buy out the sugar company and take over the land. Florida lawmakers had threatened to disapprove of the deal back in December -- which still could happen -- and there is still the issue of funding. Previously, the state proposed to pay more than a billion dollars for 180,000 acres; last week, water managers approved of $536 million for 72,800 acres.

Labels: , , , ,

Monday, December 22, 2008

Florida lawmakers may cinch U.S. Sugar land buy

The state of Florida's plan to buy U.S. Sugar Corp. to restore the Everglades has been revamped and approved by the South Florida Water Management District. However, some state lawmakers are threatening to prevent the conservation land sale and end the Everglades restoration deal, according to the Sarasota Herald-Tribune and other sources. Those lawmakers want to get the public's opinion and have a say in the deal. In any case, one official said the water district could proceed with the purchase even without state money. So the saga continues . . . .

Labels: , , ,

Monday, November 17, 2008

Florida revamping plan to buy out sugar company

Back to the drawing board. The state of Florida's plan to buy out U.S. Sugar Corp for $1.75 billion to acquire the company's 187,000 acres and its assets is likely to be scaled back, according to the New York Times and other sources. In the latest version of the purchase, the state would get land to hold water and help restore the flow of water from Lake Okeechobee into the Everglades, but U.S. Sugar would remain in operation.

The details are still being worked out, but environmentalists are saying that producing sugar in the Everglades is counterproductive to Everglades restoration, and some are even saying the cost to treat the polluted water should be deducted from the final sale price.

A transaction this big is sure to take some time to figure out....

Labels: , , ,

Tuesday, June 24, 2008

Florida to buy land from sugar corporation to restore Everglades

This is huge news. The state of Florida is planning to buy 185,000 acres from U.S. Sugar Corp. for Everglades restoration, according to the Sarasota Herald Tribune and many other sources.

I feel as though I've woken up in an alternate-reality world. Who would have thought? This is an even bigger land deal than the Babcock Ranch from a couple years ago.

Could this be the beginning of the end of the problem the Everglades has with phosphates? And water-flow problems? And ... so much more?

Labels: , , , , , ,

Thursday, June 12, 2008

Babcock Ranch trail opens

Thursday, April 5, 2007

$3.1M Buys Land for Wildlife Area

Tuesday, February 6, 2007

Press release: State reaches Everglades land acquisition milestone

Environmentalists speak out about need for land conservation

Wednesday, January 24, 2007

1,000 acres added to preservation list

Tuesday, December 19, 2006

Protecting wild Florida

Wednesday, December 13, 2006

Water district backing away from $68.1M land buy

Wednesday, November 15, 2006

$76M deal approved for land around Silver Springs