Charlie Christ, Governor of Florida, has put into motion a $1.34 billion plan to purchase US Sugar lands to move the Everglades restoration effort forward. The money will be raised through a bond issued by the South Florida Water Management District. US Sugar's shareholders approved the measure this week, according to an article in the Economist.
US Sugar will hand over the land with the right to lease it back for seven years. Christ is hopeful the Florida effort will stimulate the federal government to make good on its promises to match funding for the restoration project.
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