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Michigan lawmakers target predatory loan companies; NY jury hears tape of Trump and Cohen Discussing Hush-Money Deal; flood-impacted VT households rebuild for climate resilience; film documents environmental battle with Colorado oil, gas industry.

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President Biden defends dissent but says "order must prevail" on campus, former President Trump won't commit to accepting the 2024 election results and Nebraska lawmakers circumvent a ballot measure repealing private school vouchers.

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Bidding begins soon for Wyoming's elk antlers, Southeastern states gained population in the past year, small rural energy projects are losing out to bigger proposals, and a rural arts cooperative is filling the gap for schools in Pennsylvania and West Virginia.

Study: Declining Colorado River Flows Could Hurt Property Values

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Wednesday, July 17, 2013   

PHOENIX - If water flows in the Colorado River system decline as predicted, a new study projects, river-based property values also could decline by an average of 10 percent.

The study by the advocacy group Protect the Flows surveyed real estate professionals in Arizona, New Mexico and Colorado. Its co-director, Molly Mugglestone, said the findings underscore the importance of including economic impacts in federal discussions of best water management practices.

"We feel, and economists agree, that the ripple effect of a healthy river can really be felt in communities," she said. "And then this study adds another level to that ... that it also impacts people's value of their homes."

A previous study by the U.S. Department of the Interior predicted significant future flow reductions in the Colorado River Basin as a result of a supply-and-demand imbalance. A U.S. Senate subcommittee held a hearing on the situation Tuesday.

Sedona's economy relies heavily on tourism, fueled by Oak Creek, which flows through the community. Realtor Rebekah Fairlight said lower flows mean less water-based recreation, less tourism and less tax revenue.

"In Sedona, tourists provide a lot of income for the city in the way of bed tax," she said. "So, if tourists drop off, that does affect the city's ability to raise money. That will in turn affect property taxes down the road."

Fairlight said Oak Creek flows are also vital to the economy of other Verde Valley communities.

"Page Springs is an area that has built up really nicely over the last 10 years or so into a very lovely wine-growing area," she said. "They depend on Oak Creek."

The Interior Department study says immediate steps should be taken to reduce and reuse water in urban areas, adopt more water-efficient practices on farms and institute flexible water-sharing arrangements. Mugglestone said it's a doable plan.

"We do think that there is a path to modernize the management of the Colorado River system in a way that mitigates the declining river flows but also protects the rural economies in all of these towns that depend on these rivers," she said.

Protect the Flows represents more than 850 businesses in seven states that depend on a healthy Colorado River system.

The survey is online at protectflows.com.


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