search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aBillionaire hedge funder Larry Robbins makes South Florida moveBillionaire hedge funder Larry Robbins makes South Florida moveYellowstone drops approximately $200M on 1740 Broadway debtYellowstone drops approximately $200M on 1740 Broadway debt
South Florida

Water district seeks investors for U.S. Sugar purchase

Sign Up for the undefined Newsletter

The South Florida Water Management District has authorized the raising of funds to finance its capital projects, including the proposed $1.8 billion land buyout of U.S. Sugar Corp. announced in June. The water district will issue certificates to investors, but says that these will require court validation, which may push off financing until 2009. The offering comes after news that falling property tax revenues and frozen credit markets have complicated the purchase of the 187,000-acre property.