Charlie Crist

Billion-Dollar Everglades Sale Drastically Downsized

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

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Posted in News Desk

US Sugar Approves Sale of 180,000 Acres in Everglades

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

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Posted in News Desk, Sporting Properties

Florida Renegotiates Everglades Purchase

The $1.75 billion purchase by the State of Florida of 187,000 acres in the Everglades belonging to US Sugar has been renegotiated and substantially bettered. The state will no longer take title to the company’s high-tech mill, its citrus processing

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Posted in News Desk, Resources

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