From The Loveland Reporter-Herald (Ken Amundson):
The water running through the Whitney Ditch is from the Cache La Poudre River. Seller of the water shares, which have an average yield of 1,629 acre feet of water — or about 531 million gallons, is BCI Waterco LLC, a company at 252 Clayton St. in Denver. The address is shared by The Broe Group and Great Western Railway, owners of the industrial park.
The purchase is part of an effort that began in 2003 to buy water rights in the South Platte basin, dry up the land that had been irrigated by the water and bring the water to the thirsty urban developments within Aurora, Colorado’s third largest city behind Denver and Colorado Springs.
While the proposed purchase agreement includes a pipeline easement for land within the industrial park, getting the water to the Denver metro region is not included in the deal, nor is the required amendment of water court decrees to specify where the water will be used.
“We have had high level concept discussions” about getting the water to Aurora, but the city does not have a specific plan, [Dawn] Jewell said.
Jewell said Aurora has purchased other water shares in Northern Colorado, but none from the Poudre. It has water rights from the South Platte main stem and some in the Greeley area, she said.
The city may choose to place the water in a reservoir in the region — it has one already west of Platteville — and seek an opportunity to exchange shares with someone else.
The deal is expected to close Aug. 31, according to city council documents.