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    Wednesday, June 25, 2008

    Huge Win for Everglades


    It's nice to be there bearer of glad tidings, sometimes. Florida is buying out U.S. Sugar Corp., the largest sugar producer in the state, in a $1.7 billion deal that will add 187,000 acres to the everglades and allow an uninterrupted water flow from Lake Okeechobee to the ocean. The state had previously developed an $8 billion plan to achieve the water flow through pumps and reservoirs. It can now be achieved naturally.

    Yes, it represents a winning deal out for a company in not such great financial state and there are likely to be unforeseen clean up costs from their long term exploitation of the land. But this is unqualified good news on every front.

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