ASPEN, Colo. (AP) - A deal has been made to pay off the outstanding $34 million construction debt on Ruedi Reservoir and keep the last of the un-contracted water for Western Slope users.
The Colorado River District announced Tuesday the water that is being purchased will serve primarily as a backup supply for very dry years.
According to the Aspen Times, the federal government permitted the construction of the dam in the 1960s on the assumption that oil-shale development would create demand for the reservoir's water, which has been subject to a boom and bust economy.
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