Colorado Springs Utilities
and The Broadmoor
to sell the Rosemont Reservoir
to the resort broke Thursday in the Colorado Springs Business Journal.
As noted in that story and a companion editorial, the deal emerges just two months after City Council approved the trade of the city's Strawberry Fields
open space to The Broadmoor — an issue that drew persistent protests from hundreds of citizens.
The Business Journal
also notes the negotiations, about which nobody is revealing anything, come after the late April activation of the Southern Delivery System
, which cost ratepayers nearly $1 billion
and spanned decades. It's a project Utilities claims will keep the Springs supplied with water until 2042.
Word on the street among real-estate circles is that The Broadmoor's owner, billionaire Philip Anschutz
, is in the market to buy land within an hour's drive of the resort for a fishing and hunting getaway. Perhaps Rosemont Reservoir is the centerpiece of such a new retreat.
Although the resort's Ranch at Emerald Valley
and Cloud Camp
have been opened since Anschutz bought The Broadmoor in 2011, neither has a large lake like at Rosemont.
In any event, the Business Journal
notes the city has spent more than 100 years amassing the water rights it owns in a city that's not located on any major waterway. During that time, the city has sold exactly none of its water rights.
We're working on getting more information on the city's water rights situation and will bring you a story in the July 27 edition.
News of secret dealings between the city's