Many problems that are encountered in regards to water balance and resources management are related to challenges of economic development under limited resources and tough competition among various water uses. The development of major infrastructure like airports in remote areas that have limited water resources is becoming a common problem. In order to overcome these difficulties, water management has to articulate and combine several resources in order to respond to various demands while preserving the ecological quality of the environment. The paper discusses the interest in implementing the Smart Water Grid concept on Yeongjongdo Island, which is the location of Korea’s main airport. This new concept is based on the connection of various water resources and their optimized management with new information technology solutions. The proposed system integrates water generated through rainfall, external water resources (i.e., metropolitan water distribution system), gray water and other types of alternative water resources. The paper analyses the feasibility of this approach and explores interest in the Smart Water Grid concept.