RE:RE:What investors need to understand.I personally don't believe water rights are the issue or enough water to ultimately supply Sage ranch is the issue. For me the potential delays related to the court's final decision along with a potentially slower phasing of the development to accommodate the courts outcome. i.e. 1.75% growth rate which must include all potential water connections and not just Sage Ranch
"According to the CBO (Congressional Budget Office) we should plan for a 0.3% growth rate, but a study conducted by the Weldon Cooper Center for Public Service at the University of Virginia, California's population is projected to expand by 14.9% between 2020 and 2040; a 0.745% growth rate."
The court may stipulate the actual rate of growth (water hookups) based on the governmental statistics for growth, along with the actual population of Tehachapi (less the prison population) and eventually on the independent water assessment study. The court has to currently base its decision on the administrative record and nothing related to the overdue 2020 Rural Urban Water Management Plan, or its assosciated studies.
Ultimately the water is very likely available but the rate at which it is implemented (# of water hookups per year) remains to be seen.