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On the western edge of the Florida Everglades sits 4 square miles (10 square kilometers) of gator-infested swampland, and a private firm is making big money selling it off. The Panther Island Mitigation Bank isn't another Florida land boondoggle, but rather is part of a federal system designed to restore wetlands across the United States. Panther Island's owners preserved one of the nation's last stands of virgin bald Cyprus, a place where wood storks, otters and other native flora and fauna have returned since they removed invasive plants. These banks, in turn, sell "wetlands mitigation credits" to developers for... [Read More]
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