Arizona water rights auction tops $20/m<sup>3</sup>
- From: Vol 8, Issue 11 (November 2007)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: Aqua Capital Management LP, Water Property Investors LLC and WestWater Research
A water reuse project in Prescott Valley has netted the municipality $67 million from the sale of the related water rights. It is an important new model for water resourcing.
An auction of water rights in Arizona broke all price records on 31st October, netting the town of Prescott Valley $67 million. The successful bidder – Water Property Investors LLC, a New York-based water resource investment firm – agreed to pay $24,650 per acre-foot ($20.16/m3) for the right to draw 2,724AF (3.3 million m3) from ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
