WORKING LANDS INVESTMENT PARTNERS

Project Portfolio

Our projects include analyzing demand and prioritizing investment opportunities, securing acreage in key watersheds for investment, implementing permittee-responsible mitigation in a high-demand watershed, and developing the framework for a statewide wetland mitigation banking program.

WORKING LANDS INVESTMENT PARTNERS

Project Portfolio

Our projects include analyzing demand and prioritizing investment opportunities, securing acreage in key watersheds for investment, implementing permittee-responsible mitigation in a high-demand watershed, and developing the framework for a statewide wetland mitigation banking program.

Project Spotlight: Wetland Restoration

McLaren Mine Pit
(South Cairo, New York)

On behalf of CSX Transportation, Inc., WLIP conducted wetland mitigation restoration to compensate for the lost wetland acreage and reduced wetland functions and values associated with the construction and operation of the Catskill Second Mainline Project. Compensatory mitigation was completed for a total of 0.61 acres of impacted wetland under the jurisdiction of the USACE. Of the 0.61 acres of permanent wetland impact, 0.58 acres are under the jurisdiction of the NYSDEC, and mitigation was performed to compensate for these impacts.

Current Opportunities for Funding Investment
into the NYS Wetland Mitigation Marketplace

We are currently evaluating wetland mitigation investment opportunities at multiple sites in New York State, representing potential mitigation revenues ranging from approximately $2.5 to $11.3 million per site. Projects currently in development in the Niagara, Mohawk, Hudson-Wappinger, and Lower Hudson watersheds are shown with orange dots on our service area map.

Sites Proposed for Investment Funding

The Florida, NY Site is a proposed wetland impact site that will create the need for compensatory mitigation, rather than a proposed mitigation site. We’re engaging with a client proposing to impact an estimated 46.5 acres of wetlands and 12,135 linear feet of stream on a 162.5-acre site in the Mohawk watershed. Preliminary client estimates for wetland and stream mitigation costs are between $9 and $11.3 million.

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This site was brought to our attention by the New York State Department of Environmental Conservation (NYSDEC) Division of Mineral Resources, based on our successful wetland restoration/compensatory mitigation permitting at the Town of Catskill site in the Middle Hudson watershed. Preliminary assessments confirm the potential to create a wetland approximately 25 acres in size, which would generate approximately $2.5 million in credit sales.

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This site is located in the portion of the Lower Hudson (HUC-8) that is also within the NYC Watershed. The NYC Watershed is relatively small, and impacts within the watershed must be mitigated within the watershed. Preliminary WLIP estimates identify potential to generate approximately 50 wetland mitigation credits through wetland reestablishment, rehabilitation, and establishment activities. This would generate approximately $5.0 million in credit sales.

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This site is owned by the Town and has been offered for use as a wetland mitigation site. There are 18.7 acres of mapped wetlands onsite, and an additional 58.6 acres mapped within the 100-year floodplain of the East Fishkill Creek (which drains to Fishkill Creek and then the Hudson River). We’re in coordination with a client located near the Town site, within the same Hudson-Wappinger watershed, with demand for approximately 20 acres of compensatory wetland mitigation.

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