We calculate economic benefits from two alternative Everglades restoration projects. We call one the South Reservoir, a reservoir south of Lake Okeechobee that would provide storage when the lake is too full. The other is called the North Reservoir, a storage area north of Lake Okeechobee that will capture water before it enters the lake. One purpose of the reservoirs is to mitigate the discharge of the excess water from Lake Okeechobee into the St. Lucie River and the Caloosahatchee where it damages the estuaries and negatively affects water quality. By investigating the effects of one reservoir at a time, hydrologists can estimate the reduction in discharges into the rivers attributable to a specific project.