Buckeye looks to buy groundwater rights to support growth of city - Phoenix Business Journal

  • 📰 phxbizjournal
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The purchase of water rights comes shortly after the state released a groundwater analysis that showed parts of the far West Valley do not have enough groundwater for future development. phoenix

The city of Buckeye approved purchasing $80 million worth of groundwater rights to support the growth of its water portfolio.for the purchase and sale of a one-acre property owned by Harquahala Valley Landowners LLC in the far West Valley for its water rights.

“The approval of this purchase agreement was more than a year in the making,” said Buckeye Mayor Eric Orsborn in a statement. “This is a major step toward ensuring our current and future residents enjoy a great quality of life. The Council and I appreciate every effort water resources staff has accomplished so far, knowing there are other opportunities on the horizon.”

"This purchase agreement took several months to complete, and Buckeye continues to actively work on securing other solutions to enhance its portfolio," the city's statement said. In 2021, the city also approved acquiring 2,786 acre-feet annually of Non-Indian Agricultural Colorado River water. Delivery of this water started in 2022.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 254. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Honeywell Aerospace (HON) to test sustainable fuels in Phoenix - Phoenix Business JournalHoneywell said it received its first delivery of sustainable aviation fuel and will be using it in support development and production testing for auxiliary power units and propulsion engines.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Case-Shiller report Phoenix has largest cool off in home price growth - Phoenix Business JournalContinuing a trend that has accelerated in the past few months, Phoenix has seen the largest cooling in home price growth among the nation's biggest metropolitan areas, according to the latest data released Jan. 31.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Valley web design firms set their sites on performance and security - Phoenix Business JournalWeb design firms answer the Phoenix Business Journal's questions on how companies use websites in 2023 and the cybersecurity involved in building and maintaining them.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Salad and Go to open 2 new Valley locations ahead of Super Bowl - Phoenix Business JournalThe popular drive-thru salad chain is rapidly expanding. Here are the latest locations set to open over the next two weeks.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Salad and Go to open 2 new Valley locations ahead of Super Bowl - Phoenix Business JournalThe popular drive-thru salad chain is rapidly expanding. Here are the latest locations set to open over the next two weeks.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Cannabis companies want to use Super Bowl to grow the industry - Phoenix Business JournalThe 2023 Super Bowl will mark the second time the big game is being held in a state were recreational cannabis use is legal. But since the 2022 game in Los Angeles has less fanfare around it because of the Covid-19 pandemic, companies think the game in Arizona will be where they can really attract some attention.
Source: phxbizjournal - 🏆 254. / 63 Read more »