Everglades reservoir construction halted, penalties mount

07/12/2009 | Palm Beach Post (Fla.), The

Florida plans to buy 73,000 acres from U.S. Sugar Corp. for $536 million to restore water flows to the Everglades -- a move that likely contributed to a halt in construction of an $800 million reservoir project that was to be the largest free-standing reservoir in the world. The state has already spent $272 million on the reservoir, which was intended to be the cornerstone of the Everglades restoration, and penalties for ending construction could be close to $40 million. Gov. Charlie Crist said the purchase of the U.S. Sugar land outweighs the benefits of the reservoir.

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Palm Beach Post (Fla.), The

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