« Crist signs bill to tighten restrictions on Cuba travel | Main | Trantalis files for Fort Lauderdale mayor »

Crist pursues blockbuster sugar buyout

The state of Florida is pursuing a massive buyout of the biggest chunk of Big Sugar, the powerful agricultural industry whose pollution of the Everglades has made it a target of environmentalists for decades.

Gov. Charlie Crist has scheduled a press conference today in Palm Beach County, where he's expected to outline a state proposal to purchase the U.S. Sugar Corp.'s vast holdings between Lake Okeechobee and the marshes of the Everglades -- as much as 187,000 acres, including refineries, railroads and rock mines.

The opening bid could be near $1.7 billion, though the figures could change during what promise to be lengthy and complex negotiations. Read more here.


Feed You can follow this conversation by subscribing to the comment feed for this post.


Where is this money coming from?


More importantly, how can the governor single handily negotiate this deal without sign off from the Florida Cabinet and Legislature?

The comments to this entry are closed.