December 10, 2008

Florida lawmaker pans U.S. Sugar deal

A state legislator in Florida said the state's proposal to buy 181,000 acres from U.S. Sugar to support Everglades restoration was a corporate bailout.

In a letter to the South Florida Water Management District, Miami-Dade County Rep. Juan Zapata said the $1.34 billion deal, touted as a huge environmental coup, appears to be nothing more than a corporate bailout.

State lawmakers were extremely concerned about the deal, Zapata wrote.

U.S. Sugar's board approved the deal, but the South Florida Water District has yet to vote on the proposal. The deadline for a Water District vote is next Tuesday.