Tye River Mitigation Bank Geographic Service Area (GSA)
ARRINGTON , Va. - The Tye River Mitigation Bank (TRMB) of central Virginia is pleased to announce its final federal and state approvals by the Virginia Inter-Agency Review Team (IRT). The fully permitted mitigation project occupies approximately 440 acres southeast of Arrington, in Nelson County, Virginia, and offers highest-quality stream mitigation credits.
Tillman Conservation, LLC., owner of Tye River Mitigation Bank, has established this project to offset mandatory compensation for the loss of jurisdictional waters of the United States, including streams and riparian buffers, from unavoidable environmental impacts.
Tye River Mitigation Bank serves four major watersheds within all or portions of the following Virginia counties: Albemarle, Alleghany, Amelia, Amherst, Buckingham, Chesterfield, Goochland, Greene, Fluvanna, Nelson, Nottoway, Powhatan, Prince Edward, Rockbridge. The cities of Charlottesville, Columbia, Covington, Farmville, Lynchburg, Lexington all fall within the service area of the TRMB.
Tillman Conservation, LLC has contracted with Trout Headwaters, Inc., a member of the NEBA Founding Board, to provide oversight and restoration services for the creation, monitoring and maintenance of the mitigation bank.
The National Environmental Banking Association (NEBA) is a professional organization focused on integrity, transparency, and accountability, promoting the highest standards in the environmental banking industry. Its members include mitigation banking professionals, industry vendors, and government officials, ensuring cost-effective outreach and support. Joining NEBA benefits you and your business, helping to grow the industry and improve
According to US Army Corps of Engineers (USACE) data, there are more than 8 million Advance Mitigation Credits sitting on the ledgers of the many dozens of In-Lieu Fee (ILF) Programs across the United States today, nearly all of which are exempt from any financial assurance that the mitigation projects will actually be performed.