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El Pa​so Water buys 26,470-acre ranch​​​ for future water sourceEl Pa​so Water buys 26,470-acre ranch​​​ for future water sourcehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=138302016-07-12T05:00:00Z2016-07-12T17:00:00Z

​DELL CITY – El Paso Water has purchased the 26,470-acre Chambers Lynch Ranch for $50 million.

The purchase is the latest by the water utility in its long-term plan to meet the city’s growing water needs three decades from now by importing water.

El Paso Water has acquired three other ranches and farms totaling nearly 75,000 acres in four West Texas counties since 1990. Beneath the ranches are stores of water that don't require desalination.

The city is also buying land for right of way that will allow the utility to link the properties with a pipeline running north to the Dell Valley, then west to El Paso.​​

Costing an estimated $600 million in all, the project is mostly financed with low-interest, long-term loans through the Texas Water Development Board.

The city doesn’t plan to start importation until 2050 or later, depending on whether the Rio Grande continues to be a reliable water source.

El Paso Inc.
El Paso
Land
http://www.elpasoinc.com/news/local_news/article_418a55f0-477d-11e6-9354-97b81df8dc25.htmlRead more at {Source}

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