ASU report: CAP's water delivery generates $1 trillion to state' - | Lufkin and Nacogdoches, Texas

ASU report: CAP's water delivery generates $1 trillion to state's economy

(Source: Central Arizona Project) (Source: Central Arizona Project)

Central Arizona Project's delivery of Colorado River water from 1986 through 2010 has generated more than $1 trillion of Arizona's gross state product.

The finding comes from a study done by W.P. Carey School of Business at Arizona State University and commissioned by CAP. 

In recent years, CAP, through its 336-mile-long canal system, has generated an economic benefit approaching $100 billion per year, the study found. That accounts for at least one-third, and sometimes more, of the entire Arizona gross state product.

The gross state product represents the dollar values of all goods and services produced in the region. It is a measurement of the economic output of a state.

The study discovered CAP "has dramatically and positively changed the economic and environmental landscape of our state" by delivering almost 500 billion gallons of Colorado River water every year. 

Other findings from the study include: 

  • CAP's supply of water to municipal industrial and agricultural customers in 2010 is estimated to have generated annual employment of more than 1.6 million jobs. 
  • Government, healthcare, retail, real estate and travel sectors would have lost more than 60 percent of these jobs had the CAP water supply been unavailable.  
  • If the recreational benefits and other impacts associated with the operation and maintenance of the aqueduct system and Lake Pleasant are added to the water supply analysis, statewide economic impacts of the operation of CAP would be even greater. 

CAP is governed by the Central Arizona Water Conservation District, a 15-member, publicly-elected Board of Directors from Maricopa, Pima and Pinal counties.

Copyright 2014 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.

Powered by Frankly