District Purchases Portion of Rainbow River Ranch Property in Partnership with The Nature Conservancy

News Release

The Southwest Florida Water Management District's (District) Governing Board has approved a contract for the purchase of a significant portion of the eastern bank of the Rainbow River. The parcel proposed for acquisition consists of nearly 115 acres and includes nearly a half mile of river frontage. The contract also contains provisions to protect an additional 620 feet of shoreline associated with existing private landholdings.

Rainbow Springs is the largest first magnitude spring in Florida which feeds the Rainbow River, and flows for approximately 5.7 miles until it merges into the Withlacoochee River.

This important land acquisition is about 16 percent of the eastern bank of the Rainbow River, and along with existing public ownership, will allow the District to continue its mission of protecting water resources and this important natural resource. This property and its shoreline of marshes, wetlands and giant bald cypress trees is the last major undeveloped property along this natural river corridor.

The total purchase price for this property is $3,914,893 with the conservation lands being purchased using Florida Forever Funds and a grant by The Nature Conservancy. The Nature Conservancy has committed $250,000 to the purchase of the Rainbow River Ranch tract through their Private Grant Agreement for Land Assist program. In Florida since 1961, The Nature Conservancy has helped to protect more than 1.2 million acres of vulnerable lands and waters across the state.

The District will work cooperatively with the Florida Department of Environmental Protection (FDEP) Florida Park Service to develop an agreement to manage the park as part of the adjoining Rainbow Springs State Park.