quote:
From a land deal for a client back in November 2018, my client paid $18,500 for 4.1 credits for about 2/10 of an acre in NELA. they purchased it from an Mitigation Bank that represents a land-owner LLC holding company.

Also, to complete the deal, you need a Wetlands Mitigation Banking Agreement with a Mitigation Review Team comprised of USACE, US Dept Interior, EPA, and LDWF that delineates the wetland credits for sale, and your wetlands that will be mitigated.

We also learned that most wetlands acreage/credits in Louisiana are already owned by LLC holding companies owned by O&G exploration companies. So if you can even find some for sale, they set their selling price based on supply & demand. And most O&G needs to hold the credits for their own operations & pipleline work.

This doesn’t even sound close to correct….$18,000 for 4 credits is a steal. OP needs to delineate his own site and find out his actual impacts. The US Army Corps will provide the exact number that they have to offset (typical govt). Cost depends on what type of impacts and the availability of credits. St Tammany has a lot right now. They will also provide a list of banks that will sell you the credits … no banking assessment needed.
You pay bank…bank gives you receipt and you get your permit.

US Army Corps

This post was edited on 6/22/21 at 12:21 pm

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Posted by tenfoe

Member since Jun 2011

6854 posts

Posted on 6/22/21 at 12:49 pm to chaad

quote:
.$18,000 for 4 credits is a steal

Not all credits are equal though, so he may only have bought 4 credits but it could be equal to 0.10 acre impact or 0.50 acre of impact.

quote:
OP needs to delineate his own site and find out his actual impacts. The US Army Corps will provide the exact number that they have to offset (typical govt). Cost depends on what type of impacts and the availability of credits. St Tammany has a lot right now. They will also provide a list of banks that will sell you the credits … no banking assessment needed.
You pay bank…bank gives you receipt and you get your permit.

This is pretty decent advice if OP has time to wait 60-90 days for the USACE to respond to a goddanm email.

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Posted by Duckhammer_77