Gov. Charlie Crist’s highly-touted everglades restoration plan has finally gotten some long-awaited scrutiny.
At best, the deal is idealistic, according to the Palm Beach Post:
One scenario would use 45,000 acres of U.S. Sugar land and 65,000 acres that now belong to Florida Crystals and smaller growers. That assumes total cooperation from Crystals and the other owners in making land swaps.
The other scenario, which assumes no swaps are possible, would use up to 105,000 acres of U.S. Sugar land in scattered reservoirs and cleanup marshes.
Neither possibility would create anything resembling a natural “flow way.” Under either scenario, unused land would be swapped, sold as surplus or conveyed to counties, cities and towns for economic development.
As for the terms?
Under the contract, U.S. Sugar could continue to farm for seven years, leasing the land back for a total of $54 million, a quarter of typical market value. U.S. Sugar would pay taxes on the land and maintain it, saving the district an estimated $40 million.
Considering the favorable lease, the state’s appraisers recently valued the deal at between $1 billion and $1.1 billion. Even that is more generous than another state-commissioned report that said the price could be $400 million too high.
“The so-called restoration plan is 10 to 15 years away and could cost $4 billion more,” said Dexter Lehtinen, attorney for the Miccosukee Indian tribe, citing his own estimates based on other district projects. “The governor, 10 years from now, will be stuck with no financial capability to build anything.”
The deal has created some bizarre political coalitions, pitting Republican congressmen and labor unions against environmentalists, U.S. Sugar, and the Crist himself.
Rep. Juan C. Zapata gave the South Florida Water Management district a piece of his mind in a letter on behalf of the 25 state house and seante members of Miami-Dade County, quoted in this weekend’s Wall Street Journal:
Your agency,through an un-elected board, is preparing to spend $1.34 billion on land for what appears to be nothing more than a corporate bailout.
Looks to me like all the anti-Crist is interested in preserving are the profits of a sugar company that faces declining crop yields on its overfarmed, depleted soil.