The Real Deal Miami

Governor expected to announce new Everglades buyout plan

November 11, 2008 02:06PM

Governor Charlie Crist is expected to announce today that Florida will
buy 182,000 acres of U.S. Sugar Corp.’s fields for Everglades restoration. But
the governor has made some changes to the agreement, which was expected in June
to cost $1.75 billion,
to cut costs by about $400 million. The purchase would be the largest
conservation land-buy in state history. But several local leaders have
expressed concern that the sale of the fields would lead to job losses.