RE:lunderkA question to ask would be has Strasser's option expired to provide Sage Ranch with those water rights and so can do what ever he wants with the rights.
No longer affiliated with PWR, got his money and more for the Padel Club, got his money for the various land transfers, got his downpayment and now selling the water rights for a profit to the City.
Woohoo.....
If that happens to be the case then I believe Ronnie Strasser may be the smartest guy around here.