August 23, 2017
Port Mayaca, FL – The South Florida Water Management District (SFWMD) today approved a legal settlement with the owners of the Lake Point Restoration project in western Martin County.
"This settlement gets a solid environmental project back on track," said SFWMD Governing Board Chairman Dan O'Keefe.
The District will receive full ownership of the mined property and will be able to build a storage project that could hold approximately 3,000 to 4,000 acre-feet of Lake Okeechobee water that would otherwise be bound for the St. Lucie Estuary. Additionally, the settlement allows the District to buy needed rock for infrastructure maintenance purposes at a fair market price.
The Lake Point Restoration project is a public-private partnership approved by both the SFWMD in 2008 and Martin County in 2009 on land initially slated for residential development adjacent to Lake Okeechobee.