Mitigation News

Navigating the Evolving Landscape of Wetland Mitigation Banking in 2024

Jan15

Navigating the Evolving Landscape of Wetland Mitigation Banking in 2024 As we navigate the complex and ever-evolving world of wetland mitigation banking, understanding the intricacies of this field is crucial for both environmental preservation and sustainable development. In a comprehensive article by Charles Boisseau, the nuances of mitigation banking, its impact on real estate, and the challenges faced by bankers and developers in Florida are thoroughly explored. From the historical evolution of wetlands management to the current market trends and regulatory frameworks,

Jan10

New Legislation Enhances Flexibility in Mitigation Banking – SB 1646 Overview In an exciting development for the world of environmental conservation and restoration, a significant mitigation banking bill was filed on January 5, 2024. This new legislation is poised to transform the current landscape of mitigation banking, particularly concerning the use of out-of-basin mitigation credits. At its core, the bill focuses on providing more flexibility in the use of mitigation credits, especially when in-basin options are unavailable. This new provision is a

Jan02

Join The Mitigation Banking Group in fostering a sustainable future for Florida’s landscapes. Discover our quest for partners in mitigation banking, from active site managers to investors. Let’s collaborate for ecological and economic balance.

Sep20

Discover key insights into the mitigation bank approval process in our latest joint report with EPIC. The Phase II analysis reveals bottlenecks and provides actionable recommendations to streamline approvals. In-depth interviews with 19 mitigation bank sponsors included.

Aug30

In this latest blog post by Victoria Bruce, CEO of Mitigation Banking Group, Inc., discover how the revised WOTUS rules are shaping the mitigation banking landscape. Learn why these changes may benefit landowners and the industry as a whole.

Jul07

Mitigation Banking Industry Insights: U.S. House of Representatives Encourages Streamlined Approval of Bank Credits Last week saw significant developments in the mitigation banking industry as the full Appropriations Committee approved the U.S. House of Representatives FY2024 Energy & Water Development Appropriations Report. A notable section of the report underlines the potential of mitigation banks to expedite project delivery. Highlighting the Potential of Mitigation Banks According to the approved language in the report, the Committee acknowledges the promise mitigation banks hold for accelerating project

Mar16

Mitigation Banking Legislative Update – March 2023 HB 1167 has been filed; and a Senate companion to HB 1167 has been filed – SB 1702. This bill will allow FDEP or a water management district to release state credits from a mitigation bank before the banks mets the mitigation success criteria specified in the bank’s permit when (a) mitigation credits are not available in sufficient quantities to be sold or used to offset imminent and otherwise allowable adverse impacts within a mitigation service

Feb02

Barberville Mitigation Bank In partnership with the County of Volusia, The Mitigation Banking Group, Inc. has been awarded the exclusive representation for the mitigation bank credit sales. The Barberville Mitigation Bank was permitted in 1996 by the St. Johns River Water Management District and the U.S. Army Corps of Engineers. The 1,083.29 acres is conserved & restored land that will forever be conservation and managed in perpetuity. The property provides to be the missing link to connect wildlife to the Lake Woodruff

Dec14

Tampa Bay Florida: Mitigation Credit Availability Update Credit Inventory Low: Tampa Bay Basin: Forested & Herbaceous Mitigation Credits are currently unavailable. All State & Federal Credits are Reserved. Forested Credits are anticipated to be available Quarter 2, 2023. & Herbaceous Credits are currently unavailable (indefinitely?)

Jun17

SOS for Florida’s wetlands: Time is running out for government action Will Florida’s wetland regulations return the Clean Water Act Section 404 permitting program back to the federal government due to the state’s lack of resources, familiarity, or political will to adequately tackle the more than 5,000 permit applications? https://www.floridatoday.com/story/opinion/2022/06/11/rescue-wetlands-return-states-permit-program-feds-opinion/7575527001/ “There have been editorials written urging Gov. Ron DeSantis to rescue Florida’s wetlands by returning the Clean Water Act section 404 permitting program to the federal government. They cite the state’s lack of resources, familiarity,