From The Pueblo Chieftain (Chris Woodka):
Aurora will pay the Pueblo water board $30.48 million for the ditch, located on Fremont Pass 13 miles north of Leadville. The water board will use the money from the sale as part of a $60 million package to buy 5,200 Bessemer Ditch shares, about one-fourth of the total. “This action is critical,” said Tom Autobee, a member of the water board. “It allows us to buy a water right in our backyard in exchange for a transmountain right that’s not reliable.” Without the sale of the ditch, Pueblo water rates would have to increase 25 percent in two years beyond the rate increases currently being considered, said Executive Director Alan Hamel.