News - Page 25 of 30 - Cadiz, Inc.
Founded in 1983, Cadiz Inc. is a natural resources company headquartered in Los Angeles with more than 70 square miles of land that’s home to significant water assets and rights in Southern California. We are dedicated to pursuing sustainable projects through the responsible stewardship of our land and water resources.
Cadiz, Water, Agriculture, Sustainable Farming, Cadiz Water Project, Water Resources, Southern California, NASA funded research project, Desert Tortoise Conservation Bank
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News

19 Sep

Posted at 18:03h in Press Releases by
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Cadiz Southeastern Railway to operate one of the longest steam train routes in the U.S. as tourist attraction in California’s Mojave Desert CADIZ, CA – Today Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is pleased to announce that it has entered into a new trackage rights agreement (“Agreement”) with the Arizona & California Railroad Company (“ARZC”) that will facilitate the development of regularly scheduled steam train excursions through the celebrated Mojave Desert between Cadiz, California and Parker, Arizona, which would be one of the longest steam train excursion routes in the United States.   The proposed new steam train operation, named the Cadiz Southeastern Railway (“CSER”), will be powered by water made available from the Cadiz Valley Water Conservation, Recovery & Storage Project (“Cadiz Water Project”) and, following the completion of additional permitting, will also feature a new museum and cultural center at the Cadiz Ranch property dedicated to the promotion of local desert and railroad history.

23 Aug

Posted at 04:42h in News by
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Today, a long-awaited draft maximum contaminant level (MCL) for Chromium-6 was proposed by the California Department of Public Health at 10 (ten) parts per billion (ppb). Chromium-6 is a groundwater constituent found in over 30% of groundwater basins in California, including Riverside County’s Coachella Valley and various basins in Los Angeles, San Bernardino, Solano, Santa Barbara, San Mateo, Santa Cruz and Yolo Counties. For example, affected cities include Glendale, Burbank, North Hollywood, Pomona, Monterey, Chino, Joshua Basin, Phelan, Twentynine Palms, Solano, Daly City, Santa Ynez, Soquel Creek, Davis, Woodland, and parts of San Francisco.   It also naturally occurs in the Cadiz Valley aquifer system at levels consistent with the proposed MCL.

22 Aug

Posted at 22:11h in News by
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The Cadiz Project, which will serve the water needs of 100,000 Southern California families and generate 5,900 jobs, has been fully reviewed and approved under the California Environmental Quality Act, the most stringent environmental law in America. The Project includes strong monitoring and enforcement to ensure that it is safe and sustainable and offers many local benefits, including significant investment in the local economy and certainty that water will be available for Southern California.

21 Aug

Posted at 16:18h in Press Releases by
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New report shows that purity of Cadiz water to save Southern California water users $395 million over life of the Cadiz Water Project

 LOS ANGELES, CA – Today Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) released a new report prepared by engineering consulting firm CH2M HILL detailing almost $8 million in annual cost savings to Southern California water users that can be realized through the introduction of high-quality Cadiz Valley Water Conservation, Recovery, and Supply Project (“Project”) water supplies into the region’s water transportation system.  By applying an existing salinity assessment model developed by the U.S.    Bureau of Reclamation (USBR) and the Metropolitan Water District of Southern California (Metropolitan), the analysis shows that introducing Cadiz water into the Colorado River Aqueduct (CRA), which is one of the main sources of water supply for Southern California, will realize nearly $400 million in savings to regional ratepayers over the 50-year life of the Project ($203 million in today’s dollars).  This same model was recently used to evaluate water quality benefits associated with the twin tunnel solution now being pursued through the Bay-Delta Conservation Plan process.

08 Aug

Posted at 15:53h in Op-Ed by
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By Floyd E. Wicks San Bernardino Sun http://www.sbsun.com/opinions/ci_23807372/why-federal-review-makes-no-sense-cadiz-project August 7, 2013 - Despite last year's approval of the Cadiz Valley Water Project under the California Environmental Quality Act (CEQA) -- long considered the nation's toughest environmental law -- a handful of project opponents are now pushing for an expensive and time-consuming federal "do over." Doing so disrespects our state's environmental process, discounts the voices of supportive stakeholders and impedes needed water supplies and jobs for thousands. Here's why the idea of a federal process should be summarily rejected:

03 Jul

Posted at 15:44h in Press Releases by
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July 2, 2013 Contact – Cadiz Inc, Courtney Degener/Limoneira Company, John Mills  http://www.businesswire.com/news/home/20130702005249/en/Cadiz-Limoneira-Company-Announce-Agricultural-Development-Agreement Los Angeles, CA -- Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”) and Limoneira Company (NASDAQ: LMNR) (“Limoneira”) are pleased to announce today that they have entered into a long-term lease agreement (the “Agreement”) to develop new lemon orchards on Cadiz’s agricultural property in eastern San Bernardino County, California (the “Cadiz Ranch”).  Under the terms of the Agreement, Limoneira has secured the right to plant up to 1,280 acres of lemons over the next five years at the Cadiz Ranch operations in the Cadiz Valley.  The arrangement provides a new growing, packing, and marketing opportunity that is complimentary to Limoneira's existing production and furthers Cadiz’s commitment to the sustainable development of its Cadiz Valley property.

29 May

Posted at 04:39h in Press Releases by
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May 28, 2013 http://www.businesswire.com/news/home/20130528006064/en LOS ANGELES, CA - Cadiz Inc. [NASDAQ:CDZI] ("Cadiz", the "Company") reported today that a lawsuit challenging the environmental approval of the Cadiz Valley Water Conservation, Recovery and Storage Project ("Project")  has been dismissed with prejudice in Orange County, California Superior Court.

05 Mar

Posted at 14:40h in Press Releases by
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CADIZ INC. ANNOUNCES COMPREHENSIVE REFINANCING PACKAGE New Financial Structure Positions Balance Sheet for Water Project Construction Financing and Provides $17.5 Million in Working Capital to Fund Operations March 5, 2013 Los Angeles, CA -- Cadiz Inc. (NASDAQ: CDZI) ("Cadiz", "the Company") is pleased to announce that it has entered into an agreement with its senior lenders ("the Lenders") to refinance the Company's existing $66 million corporate term debt that is currently due June 29, 2013. The agreement establishes two separate debt instruments, a $30 million senior secured mortgage loan due in three years and a new $53.5 million convertible bond due in five years. No principal or interest payments are required under either instrument during the term until maturity. The new debt instruments will replace all existing term debt on the Company's balance sheet and provide $17.5 million in new working capital to fund the Company's current operations, including pre-construction activities related to the Cadiz Valley Water Conservation, Recovery and Storage Project (the "Water Project").