Land Use & Zoning
A Florida wetland mitigation bank allows developers to:
ABuild in wetlands without any environmental review
BPurchase 'mitigation credits' representing wetland restoration elsewhere to offset permitted impacts to wetlands at their development site✓ Correct
CDrain wetlands and receive tax credits for the drained land
DStore hazardous materials in designated wetland buffer zones
Explanation
Wetland mitigation banks are pre-approved wetland restoration/creation projects that generate 'credits.' Developers who must impact wetlands for permitted projects can purchase these credits to offset their impacts. This allows development to proceed while ensuring a 'no net loss' of wetland function and value. Florida has an extensive mitigation banking system through the DEP and Water Management Districts.
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