The Old Florida Wetland Mitigation Bank will, upon approval by the US Army Corps of Engineers and the Southwest Florida Water Management District, service the wetland mitigation needs of the Upper Coastal watershed of Florida, which includes Pasco, Pinellas, Hernando and Citrus Counties. Permittees with unavoidable impacts to wetlands from development projects may be able to use mitigation credits from the Bank for compensatory wetland mitigation under Section 404 of the Clean Water Act (administered by the US Army Corps of Engineers). Permittees may also also be able to use mitigation credits from the Bank to satisfy wetland requirements under the Florida Department of Environmental Protection (DEP) Environmental Resource Permit (ERP) program, and to satisfy wood stork offset requirements under the US Fish and Wildlife Service's Endangered Species Act.
The Old Florida Wetland Mitigation Bank will offer a straightforward and cost-effective solution to meeting the wetland mitigation needs of industrial, commercial, residential and public infrastructure projects in the Upper Coastal watershed. When impacts to either federal and/or state jurisdictional wetlands are unavoidable, a one-time credit purchase from the Old Florida Mitigation Bank prevents mitigation cost overruns and irrevocably transfers your perpetual mitigation liability to Ecosystem Investment Partners (EIP), one of the nation's leading providers of environmental credits. Buying credits from the Old Florida Mitigation Bank also promotes the conservation and restoration of Florida's vital wetland habitats.
The Old Florida Wetland Mitigation Bank is currently in the process of being permitted. We look forward to updating you as the project progresses, and we invite you to learn more about the Old Florida Wetland Mitigation Bank through these pages and to contact us anytime for further information.