Broward County

$500 Million Everglades Deal Postponed Again

Posted on March 15, 2010 by Eric OKeefe

Florida Gov. Charlie Christ is getting a lesson that real estate brokers know all too well: big deals take time. It’s been almost two years since Christ announced the $1.75 billion purchase of 187,000 acres in the Florida Everglades from…

Billion-Dollar Everglades Sale Drastically Downsized

Posted on April 3, 2009 by Eric OKeefe

Florida’s ambitious Everglades restoration plan has been drastically scaled back, a victim of the economic recession. Originally slated to be a 187,000-acre, $1.75 billion deal when announced in June 2008, the deal has gone back to the drawing board on…

U.S. Sugar Approves Sale of 180,000 Acres in the Everglades for $1.34 Billion

Posted on December 8, 2008 by Eric OKeefe

Today U.S. Sugar announced that its board of directors had approved the sale/leaseback of 180,000 acres to the South Florida Water Management District for $1.34 billion ($7,444 per acre). The transaction ranks as one of the largest of 2008 and…

Florida to Pay $1.75 Billion for 187,000 Acres in the Everglades

Posted on June 24, 2008 by Eric OKeefe

In a massive deal announced earlier today, the State of Florida will acquire almost 300 square miles of the Everglades in and around the south end of Lake Okeechobee from U.S. Sugar Corp. for $1.75 billion ($9,000+ per acre).