The U.S. Sugar Corporation has approved a $1.34 billion sale of 180,000 acres of land to the South Florida Water Management District. The management board is set to vote on the contract mid-December.
According to the South Florida Business Journal, the deal should allow the creation of a waterway running from Lake Okeechobee to the Everglades. “We are hopeful that the governing board of the South Florida Water Management District will take up and approve the contract early next week, bringing Gov. Crist’s bold plans for Everglades restoration to fruition,” said U.S. Sugar spokesman Robert Coker.
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Source: South Florida Business Journal