Resnicks in “A Kingdom From Dust”

“I find a former partner of Resnick. He doesn’t know about the pipeline. What he knows is that Wonderful is buying up to 50,000 acre-feet of water a year in a series of hidden deals. The sellers include farmers in the Tulare Lake basin who are pumping so much water out of the ground that the levees protecting the town of Corcoran are sinking, not by inches but by feet. During the drought, the Boswell Company has drilled 52 holes into the old lake bottom — seven of these wells reaching a depth of 2,500 feet. To fix the subsidence, and keep the town dry in the next flood, residents and the state prison are having to pay $10 million in extra taxes. Altogether, Resnick has purchased 300,000 acre-feet of water from farmers and water districts — at a cost of $200 million — to cover his shortfall during the drought.” – Mark Arax

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