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Buying Tomorrow's Water

by Virginia Kent Doriss, Freelance; 133 Garfield Place, Brooklyn, NY 11215,


Serial Information: Civil Engineering—ASCE, 1989, Vol. 59, Issue 5, Pg. 52-54


Document Type: Feature article

Abstract:

Cities are finding that selling future access rights to sewer and water treatment plants can get them needed expansion capital. Although the access rights system is similar to development impact fees, it differs in that purchasers of rights in essence own a specified amount of service and are guaranteed rights to it at a future date. Access rights have also been marketed to nondevelopers as investment opportunities and can be resold at a profit either through the municipality or on the open market.

Subject Headings: Water treatment plants | Water rights | Urban areas | Urban and regional development | Sewers | Profits | Municipal water

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