> Also betting that municipalities can't/won't just pull an eminent domain to regain access to the water. They can’t just seize the water rights, they would ha

> Also betting that municipalities can't/won't just pull an eminent domain to regain access to the water. They can’t just seize the water rights, they would have to purchase them at fair market value. Land with perpetual water rights happen to be worth *a lot* of money, which is why there haven’t been more government entities buying out current holders of water rights.