This is an archived story. The information and any links may no longer be accurate.

06/25/2008 07:22 AM

U.S. Sugar to Sell Everglades Tract to State for $1.75B

SustainableBusiness.com News

The state of Florida has agreed to buy a 300-square-mile section of the Everglades from U.S. Sugar Corp for $1.75 billion dollars--an arrangement that is being called on one of the biggest conservation deals in U.S. history. 

The state has been working to restore the Everglades and reduce the impact of sugar cane growers and development on the nation's largest wetlands. 

Republican governor Charlie Crist said the deal is "as monumental as the creation of our nation's first national park, Yellowstone."

U.S. Sugar, which has been under competitve pressure from imported sugar, will continue to farm the 187,000 acres for six more years before turning it over to the state and going out of business.

Read the full Associated Press story.

Reader Comments (0)

Add Your Comment

If you’re already registered with us, then just Login in to make a comment. Express your opinions and connect with others that share your ideas/concerns. If you haven’t Registered as a member yet, it's quick and easy.