The West’s new gold rush for water rights
- From: Vol 8, Issue 12 (December 2007)
- Category: General
- Region: Americas
- Country:
- Related Companies: Water Asset Management, Water Property Investors and WestWater Research
Fast-growing cities in America’s West are driving the value of water rights to new highs, attracting investor interest. What are the dynamics of this emerging market?
Last month’s Prescott Valley wastewater auction has drawn attention to the rapid growth of the water rights market in the US. The $24,650 per acre foot per year ($20.16/m3/yr) price paid for a water credit created through the return of treated wastewater to the aquifer was not, in fact, the highest paid for water ...
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