Cash Flows in Water Deals

The newest wave for cash-strapped cities seeking money: Tapping their water.

Indianapolis is selling its water and sewer systems to a public trust to get money for crumbling streets and bridges. San Jose, Calif., fresh from cutting 49 firefighters, might take its water utility private. “Excess” tap water in Sacramento, Calif., is helping supply a Nestlé SA bottling plant.

Such deals are bringing some money to cash-strapped cities. But they are also stirring a debate about how much control governments should cede over valuable resources—even in hard times. Some critics question whether water quality will take a hit and rates will jump, as was the case in earlier privatization arrangements.

Others say bottled water produces plastic debris and undermines a public right to affordable drinking water.

Read more…

Comment: Privatization is the way to go. For one thing, it would promote conservation.

2 Comments (+add yours?)

  1. George J. Janczyn
    Aug 16, 2010 @ 15:05:16

    “Privatization is the way to go. For one thing, it would promote conservation.”

    Especially among the unwealthy who through their sheer numbers must certainly represent the biggest water wasters.

    Reply

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