US Sugar Land Deal aka "Charlie’s Bailout" Facts
1. According the State’s own financial experts, Governor Crist’s plan may cost taxpayers up to twelve billion dollars and will force the South Florida Water Management District (SFWMD) to raise property taxes as much as $2,400 dollars for every homeowner.
2. According to the New York Times investigation, the price Governor Crist agreed to pay his big political donor US Sugar Corporation is based on 2006 land values when the real estate market was at its peak. Experts say under Crist’s deal US Sugar Corporation will be paid twice what the land is worth today.
3. US Sugar will continue to use the land for at least 20 years, after Florida Tax Payers pay for it. It just doesn't make any sense for Florida to "bailout" US Sugar and let them to continue business as usual - on the back of the tax payer!