The Colorado Independent’s Scot Kergaard details some of the money trail for Nestlé’s project to move 200 acre-feet or so of water from the Arkansas Basin to the company’s Denver bottled water facility. From the article:
Early to cash in was Frank McMurry, who back in May 2007 sold Nestle 111 acres for $860,000, even though the land, known as Big Horn Springs, is not being used by Nestle. The company had originally planned to bottle some water from this site but environmental concerns ultimately convinced the company to withdraw this site from their permit. The company has made a verbal promise to place a conservation easement on the property.
McMurry is a former Chaffee County Commissioner, a member of the committee that OKd the Nestle deal.
In December 2009, Steve Hansen, owner of Gunsmoke Liquor, sold his store and 1.41 acres in Johnson Village to Nestle for $1,120,000. Nestle tore down the store to build its loading station, where it will fill trucks bound for Denver. Hansen retains the liquor license and is expected to rebuild.
A day after Hansen sold to Nestle, Harold and Mary Hagen hit the jackpot, selling 11 acres to the company for $2,850,000. The former Hagen property is the site of the springs that Nestle is tapping– the Ruby Mountain Spring and onetime Hagen Fish Hatchery. Since the Hagens were unable to sell Nestle sufficient water rights for its purposes, Nestle had to look elsewhere to augment its source…
Aurora took up the deal, agreeing to lease the company 65 million gallons of water per year for 10 years, with an optional 10-year renewal. The first year payment is $160,000. The price will rise 5 percent a year. Aurora can cut the deal off in any year that it needs the water for its own purposes.
More Nestlé Waters Chaffee County Project coverage here and here.