Corporate land owner has a $124M deal to cut algae-based pollution in southwest Florida

Fort Myers-based Alico Inc. will build a 35,192-acre water-storage site in Hendry County designed to intercept algae-filled discharges from Lake Okeechobee into the Caloosahatchee River

TRD MIAMI /
Sep.September 23, 2018 04:00 PM

Alico Inc. owns 122,000 acres in Hendry County including this proposed “water farm” land. (Credit: Leah Voss| Treasure Coast Newspapers)

A Fort Myers-based public company will build a 35,192-acre water-storage site in Hendry County to reduce algae-based pollution of an estuary.

The South Florida Water Management District approved a permit for Alico Inc. to build and maintain the water-storage site, which will cost Florida taxpayers $124 million over 11 years.

Fort Myers-based Alico owns 122,000 acres of land in Florida, including wetlands in Hendry County where the company will build the water-storage site. Alico is a publicly held company listed on the NASDAQ market under ticker symbol ALCO.

The storage site is designed to collect algae-filled water discharged from Lake Okeechobee into the Caloosahatchee River and to minimize blue-green algae blooms in the river’s estuary near Fort Myers.

The water district will pay Alico $4 million in the first year of their contract and $12 million annually for the next 10 years to store as much as 30 million gallons of water.

In the first year of the contract, Alico will build a four-foot berm around the 35,192-acre water-storage site and procure pipes to bring water from the Caloosahatchee River to the site.

In Martin County, a similar water-storage site known as the Caulkins Water Farm collects discharges of algae-laden water from Lake Okeechobee to protect the St. Lucie River’s estuary in the Stuart area.

TCPalm reported in 2015 that the Alico water-storage site will cost considerably more: $356 for every million gallons of contacted water storage, compared to $233 at the Caulkins water-storage site. – Mike Seemuth


Related Articles

arrow_forward_ios
The Vue at Brickell building and Gaston Tomaghelli

Feds freeze Miami condos tied to Argentinian drug trafficking and money laundering scheme

Joe Carollo and a Coconut Grove House

Busted: City doles out code violations to Miami commissioner’s Coconut Grove home

Dean Trantalis, Ken Valach, and a Alexan Tarpon River rendering

Condo association sues Fort Lauderdale after city rejects plans for downtown site

David Beckham, Jorge Mas and a rendering of the Overtown stadium

David Beckham, partners to close on county site in Overtown after all

President Trump and Mar-a-Lago (Credit: Getty Images)

Revenue fell at Trump’s Palm Beach properties in 2018

Govorner Ron DeSantis (Credit: Getty Images)

Florida governor signs business rent tax rollback, the third in recent years

Donald Trump and Trump Doral (Credit: Getty Images)

Trump Doral’s financial results falter due to Trump name: report

A Florida bill may allow for remote notarizations

Florida Legislature passes bill that could boost foreign investment in real estate

arrow_forward_ios