A company’s vision to pump water from the Mojave Desert and sell it to thirsty Southern California cities had looked to some to be a long shot.
Lemon orchards in the Cadiz Valley in 2015
Cadiz Inc., which owns about 50 square miles atop a major aquifer in the Cadiz Valley, has pushed proposals to tap the water since the 1990s. The latest iteration has been mired for years in a thicket of regulatory and legal hurdles.
But a series of developments has invigorated backers of the project, which involves both federal and state jurisdictions.
Investors appear to have taken note. Last month, Cadiz announced up to $255 million in new funding. Read more
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