Florida will buy 403 acres in St. Lucie County to protect the Indian River Lagoon and infuse the Harbor Branch Oceanographic Institution with research money under a $24-million deal approved Wednesday by Gov. Charlie Crist and the Florida Cabinet.

The deal secures another piece of the 26,380-acre Indian River Lagoon Blueway project that is a priority for the state’s premier land conservation program, Florida Forever. The state has purchased more than 4,000 acres for the project.

The money from the deal, which had an appraised value of $37 million, will support Harbor Branch, which merged with Florida Atlantic University in Jupiter in 2007.

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