Proposed legislation paves the way for investment firm to sell water in McMullen Valley aquifer

Proposed legislation would allow New York City hedge fund Water Asset Management to sell water from the McMullen Valley aquifer, in Western Arizona, to municipalities in the Valley. Wenden residents worry this will further deplete the aquifer, while WAM maintains they can help extend the life of the aquifer. 

KTAR News covers the state’s water usage, effects of an ongoing drought and what can be done to ensure water is available for people in the state of Arizona in the future.