US Sugar May Benefit from Everglades Deal

Florida cane sugar

Gov. Charlie Crist fired back today at critics who pummeled him for a $536 million Everglades land deal that they describe as a giveaway to U.S. Sugar Corp.

When Crist announced Florida’s $1.75 billion plan nearly two years ago to save the Everglades by buying out a major landowner, United States Sugar, he declared that the deal would be remembered as a public acquisition “as monumental as the creation of the nation’s first national park, Yellowstone.”

Now, the governor’s ambitious plan to reclaim the river of grass, as the famed wetlands are known, is instead on track to rescue the fortunes of United States Sugar.

Read the full story in The New York Times.