Further reducing the scope of a land-purchase agreement originally proposed by Gov. Charlie Crist (I), the South Florida Water Management District agreed on Aug. 12 to purchase approximately 26,800 acres in the Everglades from the U.S. Sugar Corp. for $197 million. + Image Map: Courtesy South Florida Water Management District The district will acquire the land in the Everglades Agricultural Area and C-139 basin for water-quality and environmental restoration projects. The South Florida Water Management District (SFWMD) plans to close on the property in Hendry and Palm Beach counties in October. The deal includes options for up to 10 years
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.