How Much Is Water Worth? Why A Billionaire-Owned Stake In A California Water Bank Could Be Worth More Than $1 Billion
How much is access to water worth? In this episode, we aim to answer that question by looking at the Kern Water Bank, one of California’s largest underground water storage facilities. From above, it looks a lot like a giant puddle. But underneath it has the capacity to hold the equivalent of roughly 500 of New York City’s Central Park Reservoirs. And, as one expert says, it’s the “absolute jewel” of California water banking.
