Frederick: Northern Integrated Supply Project update

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From the Carbon Valley Farmer & Miner (Emily Dougherty):

NISP, in which Frederick has 2,600 shares, is a regional water supply project coordinated by the Northern Colorado Water Conservancy District on behalf of 15 Front Range communities. Their goal is to provide participating water providers with approximately 40,000 acre-feet of new, reliable water supply, which is enough water for about 400,000 people per year.

The town’s current sole source of water for potable water system is the Colorado Big Thompson project, which Frederick has outgrown, especially considering the projection that few CB-T units will be available on the open market beyond 2015. The water source would be Glade Reservoir, located northwest of Fort Collins and north of Horsetooth Reservoir. To fill the reservoir, water would be diverted from the Poudre River using the existing Poudre Valley Canal. On its Web site, Frederick’s participation in NISP is estimated to cost approximately $10,000 per acre-foot of yield, which would amount to about $26 million…

Recently, Save The Poudre printed a press release calling the NISP/Glade proposal a “Ponzi scheme,” saying, “the analogy refers to the idea that the entire project is predicated on rapid population growth – if the growth doesn’t come, or doesn’t come fast enough, then the financing scheme falls apart.” In a response to the comments from STP, Carl Brouwer, NISP project manager, said, “The NISP financing has never been predicated on growth alone …if the project is phased as growth occurs, this will only enhance the financial feasibility of the project.”

More Northern Integrated Supply Project coverage here.

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