When we think about short-term thinking, how short-term is short-term? Because if you plant a tree, like an oak tree, it takes 100 to 120 years for an oak tree to be fully grown. So anything between the point in which you plant the tree to when the tree is fully grown is short-term thinking, when we speak about land.
The story of running Lava Falls is the story of the Colorado River in the American West today. Right now, we are in those relatively calm waters above the rapids, enjoying the beautiful canyon scenery. But, now we begin to hear the ominous roar. In the American West we face challenges managing the Colorado River.
Water is a difficult commodity. It is free, and yet costly. It is simultaneously a private good, and a public good. It helps cities flourish financially, but now it is their financial burden. Almost nobody pays for the water per se. The cost of water is the cost of making it available at the right time, in the right place, and with the right quality.