Quote:
Originally Posted by T-TOP
it is property that i would build a home on. it has been deemed wetlands, 35%. it is in the sulphur area.
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Can't help you with the pricing in that area. A mitigation bank in that area would probably be for longleaf pine. If you are developing 10 acres with 35% wetlands, you have to mitigate 35% of that, so 3.5 acres of credits is what you would buy. The ones in St Tammany Parish can go upwards of $5k an acre but that is probably different than SW LA and it differs with the quality of the wetland and the soil types. I helped with a project in Allen Parish the year before last where an investment group was doing some restoration work on longleaf pine areas to have as mitigation banks in SW LA. The company was called EIP - Environmental Investment Partners. You can maybe look them up and see what the going rate is for that area.
The people who had some money to invest in these things in the beginning are making a mint on these things, wish I knew then what I know now
