State pursues sugar buyout to aid Glades
If a ''breathtaking'' deal gets done, a state buyout of a vast swath of farm fields could expand efforts to restore and clean up the Everglades.
Posted on Tue, Jun. 24, 2008
BY CURTIS MORGAN
cmorgan@MiamiHerald.com
The state of Florida is pursuing a blockbuster buyout of the biggest chunk of Big Sugar, the powerful agricultural industry whose pollution of the Everglades has made it a target of environmentalists for decades.
Gov. Charlie Crist has scheduled a press conference Tuesday in Palm Beach County, where he's expected to outline a state proposal to purchase the U.S. Sugar Corp.'s vast holdings between Lake Okeechobee and the marshes of the Everglades -- as much as 187,000 acres, including refineries, railroads and rock mines.
The opening bid could be near $1.7 billion, though the figures could change during what promise to be lengthy and complex negotiations.
But the actual outlay of cash from a state in the grips of economic and budget crises could be significantly less, according to sources briefed on the potential deal, because U.S. Sugar would be allowed to lease the land while farming for five or six more years.
Difficult details remain unresolved, and the proposal could face political and legal hurdles, but buying such a massive swath of farm fields could recharge and would dramatically reshape the bogged-down $11.8 billion state-federal effort to restore the River of Grass.
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