April 13, 2020 For Immediate Release Contact: Gary Wockner, Save The Colorado and Save The Poudre, 970-218-8310 Will Colorado's Cratering Economy Impact Ponzi Growth-Scheme Dam Project Financing? Fort Collins: Last week, due to the cratering of Colorado's economy by the coronavirus lockdown, the City of Broomfield, Colorado, announced that it was "furloughing" about 25% of its City workforce (see Broomfield Enterprise story here). At the exact same time, Broomfield is on the financial hook for a massively expensive proposed dam project that would further drain the Colorado River called the "Windy Gap Firming Project". The Windy Gap Firming Project proposes to drain a new 9 billion gallons of water every year out of the Upper Colorado River, and pipe that water to rapidly growing suburbs north of Denver, with Broomfield being the biggest participant in the project. Broomfield's share is 29.4%, wanting 26,464 acre feet of the proposed 90,000 acre feet of water storage in the project (see participants' shares here). Recently, the Longmont Observer (see story here, Longmont is also a participant in the project) reported that the Windy Gap Firming Project applicant, Northern Water, announced that the total cost of the project has now soared to $575 million, which would bring Broomfield's share to $169.05 million. Many of the project participants intend to issue debt, via revenue bonds, that would be paid back by future growth and ever-rising water rates on residents. "The debt financing for this and other dam projects in Colorado is all based on a ponzi scheme of growth," said Gary Wockner, Director of Save The Colorado. "With the cratering of the economy, and a likely recession with stalled growth, all of these projects may face huge financial headwinds as well as continued legal challenges." The Windy Gap Firming Project is currently being litigated and still pending in federal district court in Denver. Back in October of 2017, six conservation organizations, led by Save The Colorado, filed a lawsuit against the agencies that gave the project permits -- the U.S. Army Corps of Engineers and the U.S. Bureau of Reclamation. One of the claims in the lawsuit is that the cost of water conservation and alternatives to the dam project were not adequately considered in the federal Environmental Impact Statement process. "Water conservation, reuse, and recycling is cheaper, easier, and faster than any new dam project," said Wockner. "And, those alternatives require little or no debt financing, aren't subject to boom-and-bust ponzi growth-schemes, and don't get challenged in court by environmentalists because they don't drain and destroy rivers." Other dam projects in Colorado may be at even more risk. The proposed "Northern Integrated Supply Project" (NISP), which would further dam and destroy the Cache la Poudre River through Fort Collins, is even more expensive -- estimated to be at least $1.2 billion -- and would serve small towns mostly in Weld County which has experienced a complete economic meltdown because of the crashing of oil prices. Weld County is the most heavily drilled and fracked…
June 11, 2020
For Immediate Release
Contact: Gary Wockner, Save The Poudre, 970-218-8310
Fort Collins: Last night, the City of Fort Collins “Land Conservation and Stewardship Board” (LCSB), which advises the City Council on the management of the City’s thousands of acres of protected Open Space and Natural Areas, sent a tersely worded memo (link here) to the City Council advising the Council take urgent action to oppose the massive proposed dam called the Northern Integrated Supply Project (“NISP”). The memo describes staggering negative impacts that NISP would cause to the Natural Areas along the Poudre River including:
- “NISP’s removal of water from the river will, quite simply, dehydrate our Natural Areas’ ecological resources and degrade them; hundred-year-old trees will die, understory plants will shift to more drought tolerant species, biodiversity will decrease, and forest- and wetland-dependent animals will disappear.”
The memo reminds the City Council that the citizens of Fort Collins tax themselves to buy these Natural Areas, most recently by a city-wide vote in 2014 with 82% supporting the taxation. The memo further states:
- “The citizens of Fort Collins, as they have invested in Natural Areas, have believed that those areas and their ecological resources and recreational opportunities would be protected in perpetuity. In the opinion of this Board, perpetuity ends on the day that NISP bulldozers arrive to divert water from the Poudre River.”
Finally, the memo calls for “urgent” action by the City Council to “actively oppose NISP”:
- “Active opposition, led by City Council, is urgently needed. If there is no change in position, and if NISP is implemented, then ecological and recreational treasures will be injured beyond repair. Fort Collins can join other entities in opposing NISP under Federal and State permitting processes, and this Board urges Council to do so without delay.”
“The Land Conservation and Stewardship Board is entrusted to manage and watchdog these great resources for the future of all citizens,” said Gary Wockner, Director of Save The Poudre. “Active opposition to NISP is needed right now — through the County, State, and Federal permitting processes — and we strongly urge the Fort Collins City Council to take the Board’s advice.”
Permit Status Update:
- The Colorado State permit was given to NISP in January 2020. Save The Poudre has appealed that decision to the Colorado Water Quality Control Commission. The final hearing is scheduled for November.
- Larimer County has begun its permit process with hearings in June, July, and August (see hearing schedule here).
- The Record of Decision from the U.S. Army Corps of Engineers permitting process is expected in later 2020.
“We’ve been fighting to stop NISP for 17 years and we’re going to sprint through the finish line with enormous support from the people of Fort Collins and Larimer County, with a great team of scientists and attorneys, and with the vision for protecting the river in perpetuity for the entire community to enjoy,” said Wockner