From The Pueblo Chieftain (Patrick Malone):
“It’s our own regional stimulus project,” John Fredell, SDS program director, told the Water Resources Review Committee.
Already $330 million of the anticipated $880 million sum the project is expected to cost has been committed. Colorado Springs Utilities’ customers will pay for the project with 12 percent rate hikes annually from now through the project’s completion in 2016. Fredell said SDS was parceled into several efforts in order to spread the wealth between Southern Colorado contractors. He referred to a Colorado Springs Chamber of Commerce study of the economic impact of the project that estimates construction of SDS will generate 780 jobs a year. Fredell said Colorado Springs Utilities hopes that the water it is securing through the pipeline to Pueblo Reservoir will yield fruitful economic development that transcends the immediate construction jobs.
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