In the past I have written that the San Diego water transfer will probably fail due to the environmental problems. This time I am writing about some of the other reasons why I think the farmers won't vote for the San Diego water transfer.
The first problem is that San Diego contributes no money up front. Our farmers have borrowed over $20 million so far in trying to put the deal together. That number will climb to over $120 million if the deal goes through. That's because the expensive conservation projects are phased in over 10 years and the money goes out faster than it comes in for the first seven years. It will take more than 12 years to pay out if everything goes all right.
A second problem is the farmers will be faced with possible lawsuits and environmental mitigation costs that will come from shrinking the sea. There is supposed to be a $15 million off-ramp to protect us, but it looks like it is not as effective as we had been told.