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Latest U.S. Sugar Corp. Stories

2010-03-25 12:32:00

BELLE GLADE, Fla., March 25 /PRNewswire/ -- The following statement was released today by George H. Wedgworth, president and CEO of Sugar Cane Growers Cooperative of Florida regarding the controversial proposed acquisition of U.S. Sugar Corp. lands. "Nearly two years after Gov. Charlie Crist announced his vision of a 'flowway' to reconnect the Everglades by acquiring all the assets of U.S. Sugar Corp. for $1.75 billion, it has become clear that the only way to have real progress on...

2009-03-10 17:55:30

Declining tax revenues in Florida have put a $13.4 billion environmental land acquisition at risk, the state Senate's chief budget representative said. Republican state Sen. J.D. Alexander questioned whether the state can afford this deal, The Miami Herald reported Tuesday. The South Florida Water Management District, which draws funding from property tax revenues, may have trouble paying the estimated $100 million annual debt payments required in a deal to purchase land from U.S. Sugar Corp....

2009-01-28 14:29:00

BELLE GLADE, Fla., Jan. 28 /PRNewswire/ -- Today, the Everglades Trust, a moving force behind the proposed $1.34 billion acquisition of U.S. Sugar Corp. by the South Florida Water Management District, retained an economist to review the below fair market value lease back provision outlined in the purchase/sales agreement. The following is a statement issued by Sugar Cane Growers Cooperative President & CEO, George H. Wedgworth: "An economist hired by those promoting the U.S. Sugar Corp....

2008-12-16 15:16:03

The cost of a $1.34 billion Florida land deal with U.S. Sugar Corp. could reach $3.4 billion once interest on loans has been figured in, a state official said. The South Florida Water Management District board was to vote on the deal that would tie in 180,000 acres of natural water flows between Lake Okeechobee and the Florida Everglades. Since the deal was first discussed last summer the state's revenue projections have dropped and a rival bidder for the land, The Lawrence Group, has...

2008-12-10 16:31:00

GAINESVILLE, Fla., Dec. 10 /PRNewswire-USNewswire/ -- Florida Farm Bureau President John L. Hoblick today issued the following statement: At its meeting on Oct. 10, the board of directors of the Florida Farm Bureau Federation (FFBF), the state's largest general interest agricultural organization, declared its opposition to the acquisition of U.S. Sugar Corp. lands by the South Florida Water Management District. The Federation firmly supports the rights of private property owners to acquire,...

2008-12-03 13:53:06

Florida Crystals and a Florida growers' cooperative said the state's offer to buy 180,000 acres from U.S. Sugar Corp. gives the company an unfair advantage. The company and the Florida Sugar Cane Growers Cooperative of Florida said they opposed the $1.34 billion deal, the South Florida Sun-Sentinel reported Wednesday. The deal creates a taxpayer subsidized sugar company, Florida Crystals spokesperson Gaston Cantens said. Florida agreeing to rent the land back to U.S. Sugar for seven years...

2008-11-26 14:19:45

The State of Florida and U.S. Sugar Corp. have agreed to a $1.34 billion deal that will set aside 180,000 acres for Everglades restoration, the state said. The deal announced Tuesday was in negotiations for five months and requires approval from the boards of both U.S. Sugar and the South Florida Water Management District. If either board votes nay, I think the parties can continue to negotiate until it's yea, secretary of the Florida Department of Environmental Protection Michael Sole said...

2008-11-18 12:15:26

Florida's proposed buyout of U.S. Sugar Corp. to restore the Everglades has changed as the corporation said it was considering building an ethanol plant. The proposal to buy U.S. Sugar's entire land holdings, but give the firm time to phase out of business in Florida, has been scaled back to a $1.34 billion deal that allows the company to keep a Clewiston, Fla., sugar mill and its rail line, the South Florida Sun-Sentinel reported Tuesday. The company is negotiating with Coskata Inc. of...

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2008-09-30 08:20:00

The Florida Everglades are in peril, according to a study that found a multibillion-dollar effort to restore the vast wetland is failing.  The National Research Council warned that degradation of the Everglades could become irreversible if action is slow. "The Everglades ecosystem is continuing to decline. It's our estimate that we're losing the battle to save this thing," said William Graf, the report's committee chairman and head of the department of geography at the University of...

2008-08-04 12:00:46

By Missy Diaz, South Florida Sun-Sentinel Aug. 2--A plan for the largest conservation land deal ever in Florida is being challenged by a former U.S. attorney who alleges that the South Florida Water Management District violated state laws when brokering the $1.75 billion deal. Dexter Lehtinen, an open government and Everglades advocate, filed suit Friday in Palm Beach County Circuit Court. He accuses the South Florida Water Management District of holding illegal meetings based on...


Word of the Day
virgule
  • A punctuation mark (/) used to separate related items of information.
  • A little rod; a twig.
This word comes from the Late Latin 'virgula,' accentual mark, a diminutive of 'virga,' rod.
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