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Did Middle Park sell $1 billion of water for 10 bucks?

People are seen fishing in a canoe while riding along the Colorado River.
Hugh Carey
/
The Colorado Sun
People fishing in the Colorado River Sunday, June 27, 2021, near Kremmling, CO. The river is a major source of water for people in Colorado.

Since Dwight Eisenhower was president, tiny has hoarded a precious gem: 20,000 acre-feet of water rights on Troublesome Creek, near Kremmling, and the authority to build a dam for it.

In October, Middle Park gave its treasure to a private rancher. For $10.

The Middle Park district, which primarily serves ranchers and hay growers in Grand and Summit counties, has only a few hundred thousand dollars of revenue each year, and no ability to raise potentially tens of millions of dollars for environmental permitting and hundreds of millions for construction, the district’s attorney said.

The private buyer, Circle C Ranch Kremmling LLC, owns the property on Colorado River tributary fork East Troublesome Creek northeast of Kremmling, where Middle Park had been planning a dam for decades.

If Circle C ever does build the reservoir, the water would be used by local ranchers and the new owners would be barred from selling it to Front Range water users or anywhere outside Middle Park, attorney Kent Whitmer said.

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Michael Booth is The Sun’s environment writer, and co-author of The Sun’s weekly climate and health newsletter The Temperature. He and John Ingold host the weekly SunUp podcast on The Temperature topics every Thursday.