Water Asset Management (WAM), LLC, is a New York-based private equity
group that focuses on water-related investments worldwide. A key business
focus is the western United States, where the diminishing supply makes
water markets particularly active.
principles of WAM and its affiliate, Water Resources Group, LLC, have
decades of water resources and water marketing experience. This experience
has lead to close partnerships with communities in states throughout
the west — including Arizona. We leverage our expertise in these
communities by helping them manage access to one of their most valuable
and dwindling resources.
that the ink has dried on the auction documents, WAM is open for business
and looks forward to making your quest for water in Prescott Valley
a smooth and seamless process. We are dedicated to being a beneficial
partner to the community by making water available for continued growth
In October 2007, the Town of Prescott
Valley sold 1,103 acre-feet of effluent water to Water Asset Management,
with the option to purchase an additional 1,621 acre-feet that may
be made available in the next few years. During an unprecedented,
two-day auction, the rights to this water — the only available
to meet the demands for new growth in Prescott Valley — was
up for grabs to the highest bidder and attracted both local and national
interests through the use of a unique price-floor bid process.
By offering these water rights via
auction, the town encouraged a competitive-market outcome and was
able to generate an additional $14 million in revenue once this public-private
partnership was finalized.