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Jared Sugerman
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Naples Gulf Access Real Estate Buoyed with Increased Everglades Restoration Budget

In more good signs for Naples Gulf Access real estate properties, the President signed off on a bill, December 20, 2019, that increased everglades restoration by an additional $200 million.  This is part of the same bill that extended flood insurance guarantees through September, 2020.   The $200 million federal expenditure for the Everglades is a $130 million increase over last year’s funding level.

The money pays for important Everglades restoration projects including the Everglades Agricultural Area (EAA) Reservoir Project, which assuages harmful discharges to the Caloosahatchee and St. Lucie estuaries, by sending more water south.

“This investment in Everglades restoration will build on our efforts at the state level for critical projects like the EAA Reservoir, the Caloosahatchee Reservoir and the C-44 Reservoir and Stormwater Treatment Area,” says DeSantis. “I look forward to continuing to work with the president and our local, state and federal partners on preserving and restoring Florida’s environment.”

Included in Florida Governor DeSantis’ budgets over $625 million in recurring funding for Everglades restoration and the protection, with the goal of investing $2.5 billion in state dollars over the next four years.

The $625 million-plus investment breaks down as follows:  $322 million for Everglades restoration projects, $150 million for water quality improvements, $50 million for springs restoration and more than $22 million to fight algal blooms and red tide.

 

 

Posted on January 7, 2020 at 12:32 pm by Jared Sugerman

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