August 15, 2002 |
Cadiz Inc., which is negotiating with the Metropolitan Water District to build a controversial $150-million water storage program in the Mojave Desert, said Wednesday that its losses widened in the last quarter as its interest costs rose sharply. The Santa Monica-based company said it lost nearly $6 million, or 16 cents a share, on revenue of $23 million in the second quarter, compared with a loss of $5 million, or 14 cents, on $20.3 million in revenue in the same period a year earlier.
October 17, 2002 |
Cadiz Inc., the agricultural company that recently lost a deal with the Metropolitan Water District to build a major water project in the Mojave Desert, said it negotiated a three-year extension on a $35-million bank line that was to fall due on Jan. 31.
June 11, 2009 |
People who say that nothing's harder to get rid of than a bad penny must never have met Keith Brackpool. The British-born promoter, who has spent the last dozen years pushing a scheme to pump water to Southern California from beneath 35,000 acres his Cadiz Inc. owns in the Mojave Desert, just won't go away.
September 18, 2002 |
A final vote by the Metropolitan Water District board on the controversial Cadiz water storage project may not take place until mid-January, district officials said Tuesday--a delay that could heighten financial pressures on its corporate sponsor, Cadiz Inc. The MWD board's subcommittee on rules and ethics scheduled a series of hearings and project reviews to take place through November in preparation for a final board vote on the $150-million venture.
CALIFORNIA | LOCAL
August 30, 2002 |
The Department of Interior on Thursday gave its approval to a controversial $1-billion, 50-year project to store and pump water from beneath the Mojave Desert and create one of California's largest water storage facilities. "We're thrilled," said Wendy Mitchell, spokeswoman for Santa Monica-based Cadiz Inc., which owns the land above the aquifer in eastern San Bernardino County.
CALIFORNIA | LOCAL
September 26, 2002 |
The Metropolitan Water District staff recommended Wednesday that the district's board indefinitely defer the controversial Cadiz water storage program in the Mojave Desert because environmental concerns and a drought on the Colorado River have dramatically reduced the chances it will provide useful quantities of water to Southern California. The recommendation, which was transmitted to the board over the signature of MWD Chief Executive Ronald R.