NOT
FOR-PROFIT MITIGATION BANKS
Merced
Fish and Game Inc. believes in and
whole heartedly agrees with this
project.
California
Natural Resources Foundation (CNRF)
supports environmental restoration
and protection, as well as economic
development. Mitigation Banks are
a helpful concept that offers a
chance for essential public infrastructure
to proceed while offering an economical
way to make the environment whole.
The
drawback of relying on for-profit
mitigation banks is that the principals
have little to lose by failure,
while public agencies remain obligated
to fulfill their mitigation requirements,
as well as operate and maintain
the bank.
CNRF
has devised a not-for-profit mitigation
bank approach that avoids the risk,
saves public funds, and diversifies
the revenues available to natural
resources agencies that partner
in these public-purpose banks.
If
you are interested in this approach,
which CNRF has patented as intellectual
property, Please click on the URL
below.
