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Ecosystem Renewal Managing Director Danny Moran holding a 2-year-old bald cypress seedling at one of the company’s current restoration project sites— Bayou Chevreuil in St. James Parish, La. |
BATON ROUGE, LA – EcoSystem
Renewal LLC, a pioneer in turnkey
mitigation banking to restore and preserve sensitive environmental land, is
providing technical and regulatory permitting services for critical wetland
restoration of more than 1,100 acres in the Ponchartrain Basin.
The new project announced this month (December), the Upper Comite
Flats Umbrella Mitigation Bank, encompasses nine parcels in the Basin, one of
the most in-demand watersheds in Louisiana .
For the past 10 years, EcoSystem Renewal
has overseen design, permitting, construction, monitoring and management of
more than 15,000 acres of restoration projects in Louisiana and Texas .
Managing Director Danny Moran said
the coming year is shaping up to be a busy, exciting year for the company.
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| Danny Moran |
“We expect to add additional projects in 2020 and look to add team members who are dedicated to wetland restoration.”
Mitigation banking is the federally preferred method of meeting
the national goal of no net-loss of wetlands and environmentally threatened
land.
Project leaders for road building,
construction and other development can purchase credits in the land banks to
meet requirements for offsetting unavoidable wetland impacts elsewhere.
EcoSystem, based in Baton Rouge , has completed wetland delineation of the nine separate parcels and is now drafting the prospectus to submit to the US Army Corps of Engineers-New Orleans District. A prospectus is the legal document that spells out details of the project and restoration goals for regulators.
Glenn Curtis, Manager of Inland
Property LLC, developer of the Upper Comite Flats mitigation bank, said
authorization is expected by the end of the fourth quarter of 2020.
A dire shortage of forested wetland
credits in the Ponchartrain Basin , Curtis said, is holding up public and
private development. “We intend to bring these credits to the market as quickly
as possible,” Curtis said.
EcoSystem Renewal is also providing technical and regulatory
services for two other Inland Property projects, the Elm Hall Mitigation Bank
(in Assumption Parish) and Willow Lake Mitigation Bank (in Cameron Parish).
Both are in final permitting stage with
approval expected in the first quarter of 2020, for Willow Lake , and third
quarter for Elm Hall. Willow Lake will provide 375 acres of fresh marsh and
coastal prairie wetland credits in the Calcasieu Basin .
Elm Hall will yield 395 acres of forested
wetland credits in the Terrebonne Basin service area. Both are located within
the Louisiana Coastal Zone.
In addition, EcoSystem Renewal is in final stages of permitting
for a Texas mitigation bank, a complex 605-acre project, Cedar Bayou, in
Liberty County . Cedar Bayou Holdings LLC, sponsor of that land bank,
anticipates final approval by the third quarter 2020.
CONTACTS:
Danny Moran, Managing
Director, EcoSystem Renewal, LLC,
(toll free) 888-294-8101
Ext 802, dmoran@ecosystemrenewal.com; We invest
in the environment so you can bank on the future. Visit ecosystemrenewal.com
Will Beaty,
Director of Sales and Marketing, EcoSystem Renewal, LLC,
888-294-8101 Ext 802, wbeaty@ecosystemrenewal.com
Beth Payan,
Larry Vershel Communications, Inc.
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