Nebeker Ranch Carry Over Water Rights
The seller owns property within the Antelope Valley Groundwater Basin and desired to monetize excess water rights.
01 The Opportunity
The seller owns property within the Antelope Valley Groundwater Basin and desired to monetize excess water rights. The recently approved adjudication of the groundwater basin established a Water Master Board to implement the terms of the water rights provisions of the adjudication, including transfers between pumpers. However, to date, no transfers of unused, “carry over” water rights had been completed.
02 The Results
The team identified a pumper who operates a nursery business and had recently learned that they were not allocated any water rights through the adjudication process. Because of this, they had to cease pumping groundwater from their wells until they could acquire water rights and legally restart pumping. The team was able to successfully negotiate the first transfer between private parties approved by the Water Master Board which will provide an approximate three-year supply of water to the buyer.
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Hack Reactor • Technology
When Brian Walker, director, Cushman & Wakefield Austin, first began working with Hack Reactor, they had just incorporated as MakerSquare with around five staff members, 15 students, and no space in which to hold the Austin coding bootcamp.