At the risk of rumor-mongering, we've assembled a list of the buyers and sale prices for the water rights sold at the GASP* auction last week. (We're the first to admit this list is built on gossip and sketchy media reports. We'll gladly update with better information if anyone
.)
Just an overall observation - most of the water "stayed home". The City of Brighton bought up all of the Burlington/Wellington water, but that water has always been used in and around the city. Likewise, the Parker Water and Sanitation District bought all of the Morgan-Prewitt water but they too are landowners in the northeast corner of the state. Agricultural interests (irrigators and/or augmentation providers) were able to buy up much of the water, indicating that perhaps agriculture still has a pulse in this part of the state.
Asset
Sale Price
Acquired by
Bacon Lake Reservoir property
$250K
neighboring landowners
Cache la Poudre Reservoir Company
5 shares @ $16K each
private landowner
New Cache la Poudre Irrigating Company (aka Greeley #2)
1 share @ $30K
2 shares @ $25K ea.
2 shares @ $29K ea.
1 share @ $32K
1/2 share @ $17.5K
Robert Lembke acquired 4 shares; 2 shares unknown; 1/2 share to a private landowner in the area
Greeley Irrigation Company (aka Greeley #3)
15 shares @ $47K ea.
4 shares @ $50K ea.
1 share @ $37.5K
1 share @ $37K
1 share @ $38K
2 shares @ $40K ea.
0.75 shares @ $24K
0.5 shares @ $20K
Price differential due to some shares having change in use approved by Water Court.
Between Riverside Irrigation District and Orphan Wells of Wiggins, 55 private rights were purchased.
2 to Fort Morgan School District
Others unknown.
Highline Electric Capital Credits
$21.5K total
unknown
*GASP = Groundwater Appropriators of the South Platte River Basin, Inc., an augmentation provider forced out of business as a result of recent Supreme Court rulings and related legislation. Operated in the northeastern quadrant of the state for the primary benefit of agricultural groundwater users.
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