The Chocolate Bay Conservation Parcel on the Gulf Coast just west of Galveston is a 5,403-acre ecological project. Becca Madsen of the Environmental Policy Innovation Center describes how "mitigation banks" have funneled investment toward 90,000 acres of wetlands and 51 miles of streams in Texas but says the program should be streamlined.The Dallas-Fort Worth metroplex grew by 1.2 million new residents over the last decade, and the signs of growth are easy to see.
Preston Smith, managing partner of Wildwood Environmental Credit Co., noted, “We chase market incentives for restoration that hopefully generate a return on conservation.” The company’s 1,000-acre Arnold Creek Mitigation Bank is estimated to attenuate an additional 1.6 trillion gallons of floodwater annually post-restoration, while also recharging theBut there are bottlenecks in the process that should be corrected.
. The program provides public transparency of permits and employs smart project management tools like Gantt charts, reminder emails, and performance reports.
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