Posted Jul 19, 2023, 12:33 PM
In the Nevada desert, water is as precious as gold. Here, real estate projects are flourishing, but water exploitation rights are rare. So to feed this thirst for real estate, a private company pumps water buried under the land of an isolated ranch and transports it 45 kilometers away through a buried pipeline. A daring and controversial bet, which cost 100 million dollars to the company Vidler, which has since become essential in the real estate development of the region.
Because Nevada may be the driest state in the United States, it is also one of the regions experiencing the strongest real estate expansion. And for every new home, developers must prove they have secured a sustainable water supply. Enough to raise the stakes with local farmers, who have most of the licenses to exploit the available water.
Farmers and environmentalists in the region are concerned, and fear the depletion of the water table if overpumping occurs. They also fear that other similar projects will develop, effectively privatizing the available water.
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2023-07-19 16:32:58
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