The $80 Million Acre

Buckeye, Arizona, is a small city with dreams of becoming “the next Phoenix.” It’s one of the fastest-growing cities in the country. In the past few decades, its population has ballooned more than twentyfold, and the city plans to add more than 100,000 new homes in coming years.

The only catch? Growth requires water. And Buckeye doesn’t have enough. So what’s a small city with big dreams to do? Part of the answer lies in one scrubby acre of land way out in the desert that’s owned by a group of investors.