Search
 

Funding for Everglades Restoration Plan Runs Into Maelstrom

FORT LAUDERDALE, FL-Environmental activists want the state to borrow bond money to buy privately-held land before the dirt is commercially developed. But Gov. Jeb Bush opposes borrowing unless it is absolutely necessary.

By Pat Taylor | Updated on January 04, 2002

FORT LAUDERDALE, FL-Gov. Jeb Bush has unveiled a proposal that would use money the state already collects or is sitting in the state’s coffers to fund Florida’s portion of the $8.4 billion federal/state Everglades restoration project, about $100,000 per year, for the next eight years.

The purpose of the Comprehensive Everglades Restoration Plan is to capture fresh water as it runs toward the sea, and direct it back to the ecosystem for revitalization. The plan is also supposed to improve water supplies for people and farms.

The 20-year project, considered the most ambitious wetlands restoration in American history, covers 18,000 square miles in 16 counties of southern Florida. A total $2.2 billion of the $8.4 billion will be used to purchase private property and protect it from any future development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.