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National Wetland Mitigation Banking Study. Commercial Wetland Mitigation Credit Ventures: 1995 National Survey
ARMY ENGINEER INST FOR WATER RESOURCES FORT BELVOIR VA
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This report uses the survey results, and information gathered in follow-up contacts with District regulators and the sponsors of operating ventures, to organize and present information on the nationwide development of commercial credit ventures and credit trading within the 404 program. This information is provided in three parts. First, the report presents a summary review of the development of credit ventures nationwide using the information directly gathered in the IWR survey. This review summarizes the general survey results regarding the number of credit ventures operating, proposed, and in planning in different areas of the country the types of fill permits that ventures were are being developed to serve, and the source of capital for and financial objectives of ventures. The summary also discusses how the development of area-wide rules or guidance for commercial credit trading in certain parts of the country has affected the development of credit ventures. Second, the report identifies and provides an overview of those surveyed ventures that were in operation as of summer 1995. These ventures are classified and reviewed according to a taxonomy developed in a previous research effort for the National Wetland Mitigation Banking Study. This taxonomy helps to illustrate and facilitate discussion of the wide range of institutional forms and operating characteristics of operating credit ventures. Third, the reports provides case studies for six operating credit ventures which are representative of the different types of ventures defined by the venture taxonomy. These case studies provide more detailed information on the development, operation, and use of established credit ventures in different areas of the country.
APPROVED FOR PUBLIC RELEASE