Doug,
That real-estate boon doggle guy's name wasn't Clinton was it?
Seriously, I can't think of any reason a bog/swamp wouldn't make a good pond. No matter where you dig there are +s & -s .. you won't know the whole deal until you move some dirt. They do it all the time in Louisiana lowlands.
Common sense indicates there is standing water there now & an influx of water .. all you need do is improve upon it!
