| Wetland mitigation banks and upland conservation banks ("land banks") are potentially profitable alternatives to traditional commercial and residential development projects. If a parcel has sensitive wildlife habitat or is located within planned wildlife corridors, its highest and best use may be as biological open space. In the past, this represented a significant down zone in terms of value. However, with the land bank option the value may be competitive with typical development strategies. | A critical benefit to creation of a land bank is the economic advantage to the landowner. The ability to sell mitigation or conservation credits provides private landowners with an incentive to develop their lands for conservation, rather than for other purposes. Land banks are important tools in achieving long-term conservation goals and objectives throughout the state. Land banks also benefit those seeking to mitigate impacts through more streamlined and affordable mitigation procedures. |
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Conservation
banking was formally introduced on April 7, 1995 at a
ceremony for Bank of America's Carlsbad Highlands Conservation Bank. At
that ceremony, the first-in-the-nation statewide policy encouraging
conservation banking was incorporated into federal policy by the
Secretary of the Interior. McCollum Associates was instrumental in the development of the state and federal conservation banking programs. Michael McCollum, as part of a National Mitigation Banking Association working group, helped pass legislation and draft the first national wetland mitigation and banking guideline, the USACOE/EPA 2008 Final Rule on Compensatory Mitigation for wetlands. The Final Rule prioritized mitigation banks as an appropriate mitigation strategy. During that effort, in affiliation with Sweetwater Environmental Biologists, Inc., McCollum & Sweetwater has developed over 20 conservation and mitigation banks in California and nearby states over the past 30 years. No other team has our level of experience or regulatory understanding to create banks individually tailored to landowners' needs. While McCollum & Sweetwater creates and markets land banks in a variety of ways, our specialty is working with landowners through joint venture agreements. This approach allows the landowner to retain significant ownership and income in the bank, yet take advantage of our institutional knowledge and experience. |
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Wetland
Mitigation Banks
Credits for Sale (Jump to Upland Conservation Banks) |
 Please see www.ecosystempartners.com for information on this bank |
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 All credits from this bank are sold and the bank will soon be formally closed. Thank you to all our customers for your support over the years. |
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 (Techbilt Construction, Inc.) Upland, Coastal Chaparral. Carlsbad. Service Area: San Diego County including coastal areas.  This 43-acre site is part
of a larger biological open
space
near Palomar Airport. It is managed by the Center for Natural Lands Management. Download Bank Brochure  |
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  Call (916) 708-2727 or email for pricing Location Map San Diego Habitat Conservancy video on burrowing owl population at the Bank San Diego Union Tribune news article |
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