RE:revised water rights & PWR debt settlement " Pursuant to the terms and conditions of the water rights amendment agreement, Greenbriar USA may acquire the water rights for an aggregate price of $3.4-million (U.S.) plus the original reservation fee. "
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So GRB shareholders are paying $4.4 million for 115 gross acre feet of water rights, or $38,260 per acre foot?
The City has been buying water rights for a small fraction of that amount, so why are GRB shareholders being made to pay such a high price?