Tuesday, June 24, 2008

Florida spends liberally to buy back its everglades

U.S. Sugar Corp made a cool $1.7 billion selling its everglade lands back to the long-solicitous state of Florida. But the rare and endangered species living there got the truly sweet deal: they scored a new lease on life. The glades and it's creatures have long suffered under expansive development. But now, with a bit of luck, the priceless habitat will see a wet renaissance; and the largest subtropical wilderness in the U.S. will once again be wild, having reclaimed lands long given over to sugar cultivation.

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