The Real Deal Miami

State talks land deal with another sugar company

June 27, 2008 05:18PM

Following the state’s decision to purchase 300 square miles of U.S. Sugar Corp.-owned land for $1.7 billion earlier this week, the sugarcane company Florida Crystals claim that they also own land in the footprint of Florida’s proposed Everglade restoration plan. The company’s owners – Palm Beach residents Alfonso and J. Pepe Fanjul – say they own about 180,000 acres of in Palm Beach County, and would likely discuss a land swap with the state in the next 75 days.