Citing conservation gains and a third straw to the bottom of Lake Mead, the Southern Nevada Water Authority on Thursday voted to shelve a proposal for a multi-billion pipeline that would have moved water from Northern and Eastern Nevada to Las Vegas.
The Coachella Valley Water District on Monday approved taking on outside financing for what is believed to be the first time in its 101-year history for a $40 million pipeline to bring more Colorado River water to the region’s farmers, freeing up valuable groundwater for other uses.
A majority of the board voted Monday at a special meeting to give staff the go-ahead to pursue short-term, low-interest “bridge” financing for the Oasis pipeline project, by drawing on a $75 million line of credit CVWD obtained with Bank of the West on July 1.
The Water News Network is San Diego County’s source for water news and information.
