Trading of Type 2 Rights and Long-Term Storage Credits Eases

Originally published in Journal of Water, Winter 2019

In the second half of 2018, a total of 32.10 AF of Type 2 non-irrigation grandfathered groundwater rights changed hands within Tucson Active Management Areas (“AMAs”). There were no transfers in the Phoenix, Pinal, Prescott or Santa Cruz AMAs. The price was $2,500/AF, compared to the previous market rate of $2,000/AF. Because the price was determined fr…