Why use a mitigation bank?

• State and Federal agencies have begun promoting the use of wetland mitigation banks because they are more environmentally beneficial than small piecemeal mitigation sites [CWA Section 404 (b)(1) sequencing guidelines must still be followed prior to using a bank].  This means development must first avoid wetland impacts, then minimize and finally compensate (or mitigate) for these impacts.

• Mitigation credit acreage is available to both public entities and the private development community to satisfy their wetland mitigation requirements. This can save time and money, and make the cost of a project more predictable.

• Use of a bank eliminates the ongoing monitoring requirements and land requirements of a conventional mitigation site.

• Wetland impacts are mitigated prior to construction, and both the permittee and the environment benefit.

• Permitting time is accelerated because the question of mitigation can be addressed within the permit application.

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Page last updated 06/22/00

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