Mitigation Information

Federal 404 Mitigation Bank

Apr03

As of April 2019, Florida has 81 Federally permitted mitigation banks and 32 mitigation banks that are pending the federal permitting process. As you can see from the map below, the service areas that mitigation banks represent is majority of the state of Florida. The mitigation banking industry is growing strong since its inception in the 1990’s. The mitigation banking industry grants private landowners credits for investing in restoration; landowners can then sell these credits to developers who

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The Florida Department of Environmental Protection (FDEP) will assume permitting duties under section 404 of the federal Clean Water Act

Mar13

The Florida Department of Environmental Protection (FDEP) will assume permitting duties under section 404 of the federal Clean Water Act. HB 7043, which passed the Legislature March 8, creates the framework for the permit assumption. Details of the program will be worked out with various Memorandums of Agreement (MOAs) between DEP and the EPA, the US Army Corps of Engineers, and (likely) the US Fish and Wildlife Service. Stay Tuned!

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Section 404 of the Clean Water Act (CWA): Proposed Changes to Florida Wetlands

Jan19

Section 404 of the Clean Water Act (CWA) regulates the discharge of dredged or fill material into waters of the United States, including wetlands. Section 404 requires a permit before dredged or fill material may be discharged into waters of the United States. Senate Bill 1402, which was proposed on January 9, 2018, would authorize the Florida Department of Environmental Protection (FDEP) to assume administration of the federal Clean Water Act, section 404 dredge and fill permitting program from

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Mitigation Bank Rulemaking

Dec28

Mitigation Banking Rulemaking for Florida Department of Environmental Protection. This information has recently been updated and is now available. Rule Adoption Hearing for 62-342.700, F.A.C., Financial Assurance for Mitigation Banks (Tentative) DATE AND TIME: January 19th, 2018, 1:00 p.m., ET PLACE: This hearing will be broadcast via webinar. Parties can register to attend the webinar via their personal computers with audio by telephone (regular long distance telephone charges will apply) or by speakers connected to their computer (no telephone charges will apply). Webinar registration is

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Crooked River Mitigation Bank For Sale

Crooked River Mitigation Bank For Sale
Aug24

Permitting a mitigation bank is considered a high barrier to entry industry and risky due to the indefinite permitting timelines, standards and other unknowns. Entering the marketplace with a fully functioning mitigation bank permitted by both state and federal agencies is a unique, valuable long-term asset, that awards you less risk and a several years of time-savings.

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Market Analysis

May09

The Mitigation Banking Group, Inc. has been retained to provide a complete market research analysis for wetland mitigation banking in the Florida market. The analysis includes a full review of existing and pending mitigation banks in the marketplace and their inventory, analysis of historic sales of mitigation credits within each basin, a projection of credit sale absorption, and current and estimated credit pricing in each basin. MBG provides multiple in-depth market research and analysis studies that clearly map mitigation banking trends

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Top 5 Reasons Why to Use Mitigation Banks

May09

Top 5 Reasons on why purchasing mitigation credits from a mitigation bank is preferred to providing offsite or onsite mitigation   Save Time A developer using a mitigation bank will have reduced permitting time. The permitting practice is a more streamlined process since mitigation banks are already constructed and functioning. Wetland Mitigation banks are already approved by local, state, and federal agencies. Save Money Wetland impacts can be offset by property on-site or off-site (purchasing additional land within the same drainage basin to construct functioning

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