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<h2>Prescott Valley Wastewater Auction</h2>
<h3>Water Deal of the Year</h3>

<h4>What is it?</h4>

<p>Prescott Valley upgraded its wastewater treatment plant to reuse quality, then returned the treated effluent to the aquifer via a dry river bed. By augmenting the groundwater, this created a new water right to draw 2,724 acre-feet per year (3.36 million m3/yr) from the aquifer. This was auctioned to Water Property Investors LLC for $24,650 per acre-foot (or $20 per m3), potentially netting the town $67 million.</p>

<h4>Who is responsible?</h4>

<p>The auction was arranged by WestWater Research on behalf of Prescott Valley. Water Asset Management was the buyer, through its subsidiary Water Property Investors. Nebraska-based Aqua Capital Management guaranteed the floor for the auction at $53 million.</p>

<h4>Why is it shortlisted?</h4>

<ul>
	<li>This truly stunning deal shouts at 67 million decibels that there is value in wastewater reuse. The world has to listen.</li>
	<li>The deal was not easy to structure, not least because of the need to share the risks in difficult real estate market conditions, but all parties persevered and a positive outcome was achieved for all.</li>
	<li>Prescott Valley in Arizona has been one of the fastest growing towns in the West, but its future has been overshadowed by a lack of water. Innovations such as this show that growth and the environment can advance hand in hand.</li>
	</ul>

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