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MARSH RESOURCES MEADOWLANDS MITIGATION BANK (Meadowlands) is a 206-acre site located within the Hackensack Meadowlands District in the Borough of Carlstadt, Bergen County, New Jersey and has a "service area" of the Hackensack River Drainage Basin, Newark Bay, the Arthur Kill and the New Jersey Side of the Hudson River. The site has been converted from a degraded Phragmites (common reed) choked system to a more natural inter-tidal, salt marsh-estuarine, island/channel/mud flat ecosystem vegetated with native species including Spartina. Historically, the site was a complex wetland system which supported a diverse array of freshwater and estuarine plant and animal species. Over the last 100 years intense development and mosquito ditching led to a total degradation of the site. Phragmites, an invasive reed took over the site at the expense of all other plant species. This led to an overall loss of wetland functions and values as well as eliminating the site's beneficial and desirable wildlife habitat.

The bank has been created to restore a low value wetland area to valuable native habitat, thereby generating wetland mitigation credits. The amount and ratio of required mitigation when using the Meadowlands Bank will be determined on a case-by-case basis by the permitting agency. Marsh Resources Inc. (MRI) will assist in agency negotiations for use of the Meadowlands Bank as a part of the purchase price for mitigation acre-credits. The price for mitigation credit will be based on market demand and can be negotiated prior to, concurrent with, or after permit issuance. The price for mitigation credits will include land cost, design, bank permits, construction, maintenance, agency negotiations for use of the bank and all ongoing monitoring requirements. Mitigation acre-credits are currently available.

 

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Page last updated 09/12/05

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