The State park beaches are not considered critically eroded by the DEP ( because there are no buildings there :!: ). This means no matching funds would be available for those areas but that if you skip a 1000 foot section of beach that wouldn't work so the whole stretch between Inlet Beach and the current project in Sandestin needs to be done.
This will require a bond (borrowing money). Bed taxes collect about $2 million a year for restoration but actual costs for dredge and fill are about $4 million per mile.

Good info on this site about the whole issue of beach erosion, beach building, beach economies, etc.
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