The Pensacola Bay Mitigation Bank (PBMB) is a 1,205 acre site located in Santa Rosa County, FL and is contiguous to the Florida Forever Acquisition Area called the Garcon Ecosystem Preserve.  PBMB makes a significant contribution to the Garcon project by increasing the size of the preserve by approximately fifteen percent.   The bank is a viable compensatory mitigation alternative, under the Uniform Mitigation Assessment Methodology (UMAM), for wetland mitigation impacts to jurisdictional hardwood, pine flatwoods, and  herbaceous wetlands.

The Garcon Peninsula contains some of the best pitcher plant prairies remaining in Florida and the Florida Forever Garcon Ecosystem project is charged with protecting and expanding these prairies. The carnivorous white-topped pitcher plant, a state endangered plant species is located and protected within the mitigation bank.

The service area for the PBMB includes land in Escambia, Santa Rosa, and Okaloosa counties, which encompasses a portion of four watersheds. The bank site is located in the “Pensacola Bay” watershed and this constitutes the vast majority of the proposed service area, along with small portions of the Escambia watershed (north of Pensacola and west of Milton); the Blackwater watershed (which will include Milton); and the Choctawhatchee Bay watershed (will include Ft. Walton Beach area).