As we all know, development has been taken the Everglades of Florida away at a very high rate of consumption. However, US Sugar has agreed to sell back 187,000 acres of the Everglades to the state of Florida. It is projected to cost $1.75 billion for the land with $50 million of that coming from cash reserves and the other coming from long-term notes called “certificates of participation”.

The original article came from here and the full in-depth write-up is here.

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