Getting your player ready...
WEST PALM BEACH, Fla. — Florida’s water managers agreed to buy nearly 300 square miles from U.S. Sugar on Tuesday, approving a $1.34 billion deal that could reshape the Everglades.
The decision by the board of the South Florida Water Management District, on a vote of 4-3, moves the state closer to completing its largest and most expensive environmental acquisition. But officials said economic uncertainties could keep the deal from closing.
Board members were so concerned about the worsening financial picture that they added an amendment that says its debt burden from the purchase must not “adversely affect” the district’s core operations, such as flood control.
