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In sugar-cane land deal, Florida to pay less than first proposed
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Published: November 12, 2008
MIAMI -- The state of Florida has agreed to pay the nation's biggest producer of sugar cane $1.34 billion, instead of the $1.75 billion originally proposed, under a revised deal to buy up vast tracts of farm land to restore the Everglades, the company said in statements yesterday.
The state will acquire nearly the same number of acres it would have from U.S. Sugar in a deal announced last June, but it no longer has plans to buy up the company's mill, railroad lines or citrus-processing plant.
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