Southern Delivery System: Colorado Springs Chamber of Commerce calls the project an economic driver for El Paso County

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From the Colorado Springs Independent Indy blog (Pam Zubeck):

The study sets the cost at $880 million for phase one, to be completed by 2016, and up to $740 million for subsequent phases. Those costs don’t include financing charges, which drive the cost of the first phase up to more than $2 billion.

But researchers emphasize the great deal we’re getting by noting that bonds issued per capita for the Homestake transmountain project during the 1960s cost more than $4,000, compared to $1,600 for SDS. Homestake drove water bills up by 141 percent in eight years, while water bills will double for SDS within six years (by 2016). However, the study notes that only 75 percent of that increase is due to SDS, with the balance paying for upkeep and upgrades to the existing system.

The bottom line is we can’t all get as rich as we are hoping without SDS, the study says. “Without additional water capacity, economic friction surfaces; thereby limiting growth and opportunity by creating economic drag,” the study notes, and then says without SDS, we’d see 35 percent less population growth by 2050, leading to less personal income — $866 million by 2020 and increasing to $6.7 billion by 2050.

More Southern Delivery System coverage here and here.

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