The Real Deal Miami

Water officials OK Everglades land deal

August 12, 2010 04:00PM

The Everglades

The board of the South Florida Water Management District today unanimously approved the latest version of Gov. Charlie Crist’s Everglades nearly 27,000-square-foot land deal with U.S. Sugar. The board said the $197 million purchase — though downsized from its original form — was important for restoring the Everglades. The land still involved in the deal includes 17,900 acres of citrus groves in Hendry County and 8,900 acres of sugar fields in Palm Beach County. The state also has an option to buy the remaining parcels of land from U.S. Sugar for $7,400 per acre over the next three years, or at market price over the next 10 years. [Miami Herald]