The Water Capacity Subsidy that the City of Norman, Oklahoma Provides New Real Estate Development: A Descriptive Analysis

Abstract

Providing new water capacity to some stakeholders at a price that is below either the price charged other stakeholders or the actual costs of providing new water capacity constitutes a subsidy. This holds regardless of possible justifications for such a pricing scheme. In light of this conceptual point, I provide a descriptive analysis of the water capacity subsidy that the City of Norman provides new real estate development.