Florida
Wetlands Permit Fiasco
2008 saw
the beginning of a six year battle over a Florida Pine Plantation, although no
one knew it at the time. The Highlands Ranch Bank, created under the auspices
of the Carlyle Group and Hassan & Lear Acquisitions, sought 688 credits
from the St. Johns River Water Management District to offset dry land being
turned back into wetlands. These credits could then be sold off to other
consumers who need to fill in a patch of land for reasons such as construction
or pasturage (Pittman, Controversial wetlands permit wins approval, 2012) .