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Elk River Wetland Bank <br />A long term goal for the city is to create a wetland bank site within <br />the City of Elk River. This will allow us to have credits available <br />for projects within the city that impact wetlands and allow us to <br />sell credits. <br />Credits can be sold throughout the state, with preference given to <br />projects within the same Bank Service Area (region). <br />Credits have significantly increased in price over the last several <br />years. The average cost per credit (acre) was $41,000 in 2014, <br />$82,000 in 2018 and estimated $93,000 in 2020 for our region.