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Consultant outlines mitigation‑bank prospectus for Upper Iowa River; council hears financing options and market uncertainty
Summary
Consultants presented a draft mitigation‑bank prospectus for reaches of the Upper Iowa River, described an estimated 93,000 stream credits for the preferred reach, and laid out financing options — city investment, outside investor, or community investors — while warning credit prices and demand are uncertain in the Driftless region.
A consultant team presented a draft mitigation‑bank prospectus to the Decorah City Council outlining a possible mitigation bank on the Upper Iowa River and explaining regulatory, timing and financing considerations.
Judy Joyce, senior geomorphologist and director of water at ELC Environmental Group (formerly Impact 7GS), told the council the firm had narrowed feasibility work to a single river reach that could generate roughly 93,000 stream credits under the current concept. Joyce said the prospectus and permitting process would likely take about one and a half to two years to reach final approval and another year or more to move to construction.
Joyce summarized the typical cost structure for mitigation banking: establishment and construction expenses, 10 years of monitoring and maintenance during…
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