The Real Deal Miami

Sugar land in way of Everglades preservation

July 08, 2008 02:06PM

The fate of the multibillion-dollar Everglades restoration plan now lays in the hands of the Fanjul family, whose company Florida Crystals owns 35,000 acres of sugar cane in the middle of the “flow-way” plan to connect Lake Okeechobee and the Everglades. The South Florida Water Management District recently announced plans to buy 187,000 acres from U.S. Sugar for $1.75 billion. The Fanjul land is the last challenge to the proposed restoration plan. The Fanjul family is expected to not only attempt to trade their land for U.S. Sugar land but to ask for special development deals.