Charlie Crist

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 Renegotiates Largest U.S. Land Purchase of 2008

Posted on November 12, 2008 by Eric OKeefe

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

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).