The southwestern tip of the US state of Florida is one of the most sparsely-populated patches of America east of the Mississippi. It's also home to about 100 or so Florida Panthers (the last surviving members of the last surviving subspecies of cougar in the eastern United States) along with the American crocodile, the wood stork, and a number of rare orchids and bromeliads – all of which are protected by the Endangered Species Act.
That should, in theory, be great news for mitigation bankers like Les Alderman, because it means anyone who wants to develop real estate containing good panther habitat must offset this environmental impact by creating or preserving habitat elsewhere – an activity that has become increasingly necessary as development spreads out from Ft. Meyers.
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