Saturday, April 19, 2008

Florida Thrills The Nature Conservancy

Florida legislature voted to fund open land purchase programs by going $300 million into debt. The Daytona Beach New Journal reported that the cost was only $25 million – the cost to finance the debt. This comment sounds like the logic of a teenager with their first credit card. The money will be raised by making further cuts in health services to Florida residents.

The paper quotes The Nature Conservancy’s political lobbyist Janet Bowman saying "We are thrilled," "We are ecstatic." She should be. She just won her employer a $300 million pool of funds that can be used for land brokerage deals that can be leveraged into even much more money using partnership arrangements with local governments around the state.

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