Benefits to the Developers and Landowners
Purchasing credits from the Great Pee Dee Mitigation Bank allows permit applicants (landowners or developers) to eliminate expenses associated with traditional on- or off-site mitigation. These expenses include suitable land, engineering reports, wetland studies and the physical work necessary to preserve, restore, enhance, create and ensure the success of wetlands and streams. Mitigation banking allows a permit applicant to mitigate unavoidable impacts by purchasing "wetland and stream mitigation credits" from a mitigation bank that services the impact site. This process can save permit applicants significant carrying costs, in addition to the costs associated with identifying and designing a mitigation site. Purchasing mitigation credits from Great Pee Dee Mitigation Bank eliminates uncertainty about a mitigation project's success.