From The Durango Herald (Dale Rodebaugh):
The sale of troubled Lake Durango Water Co. to the Lake Durango Water Authority for $2.45 million closed Wednesday, ending years of controversy over the quantity and quality of water and the number of customers served. The utility serves the Durango West I and II subdivisions along U.S. Highway 160 west of Durango, and the Shenandoah, Rafter J and Trappers Crossing developments along Wildcat Canyon Road (County Road 141) – 1,435 taps in all. Lake Durango is fed by the Pine Ridge Ditch off La Plata River…
Durango attorney Bud Smith, who represents the water authority, said the sale price covered $1.75 million for the land and $700,000 for the treatment plant, pipelines and other related equipment.
More Coyote Gulch coverage here.