Purchase of Texas Water Alliance Moves GBRA Closer to Starting Mid-Basin Project
In a deal that will pave the way for Guadalupe-Blanco River Authority (GBRA) officials to fulfill the groundwater component of its Mid-Basin Project, the GBRA Board of Directors approved the river authority’s purchase of Texas Water Alliance Limited (TWA), from SJW Corp.
Authorization of the GBRA general manager to execute the $31 million purchase of the TWA assets and to conduct business related to the sale was approved following the Executive Session of the Wednesday, Feb. 17, 2016, board meeting. SJW Corp and GBRA officials anticipate closing on the deal by the end of the year. The purchase of the TWA assets in Gonzales and Caldwell counties will provide 15,000 acre-feet (ac/ft.) of groundwater toward the Mid-Basin Project. The TWA assets include groundwater leases on over 30,000 acres in this area… Read more from the San Marcos Corridor News