Photo: Andri Tambunan / AFPSource: AFPPAY ATTENTION: TUKO.co.ke is on Threads - follow us and get the news directly in the app! Builders cannot break ground on new homes here unless they have procured enough "water rights" to supply them indefinitely. In districts where local water rights have all been reallocated, building grinds to a halt. Vidler declined to comment, instead directing queries to local water utility, the Truckee Meadows Water Authority (TMWA). Vidler currently charges $45,000 per acre-foot of water rights, while water rights in central Reno tend to trade for between $10,000-$15,000.

Source: Daily Nation July 19, 2023 07:30 UTC