U.S. Water News Online
BOLINAS, Calif. -- It's not just the homes that cost a fortune in the San Francisco Bay area. Even basic water connection could set you back $500,000 or more.
The Bolinas Community Land Trust is auctioning a water meter it bought with a condemned house more than a decade ago and it expects bidding to start at $500,000 for the chance to build in the coastal hamlet that has prevented new construction for three decades.
It has received inquiries from more than 25 prospective buyers looking for a way around a 34-year moratorium on new connections to its water supply. Bolinas imposed the ban in 1971 to conserve water, and new development flatlined.
The price does not include the land, construction or a sewer hookup.
The group plans to use the proceeds to build affordable housing in Marin County, where the median single-family home costs $920,000.
There are about 650 water meters in the Marin County town north of San Francisco.
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