FORT COLLINS, Colo. (AP) - The rising cost of tap water in northeast Fort Collins is prompting several home builders to scale back or develop in neighboring communities.
According to the Fort Collins Coloradoan (https://tinyurl.com/nhjmwxw), developers have delayed construction of about 1,200 homes because of the rising cost and availability of water.
Developers say the cost to deliver water to the northeast part of the city’s growth management area, where much of the remaining buildable land in Fort Collins is concentrated, is rising to levels developers say they can’t recoup.
One developer says buying water rights and paying the East Larimer County Water District’s $7,600 plant investment fee would cost his business about $16,800 per lot, about $10,000 more than if they got water from Fort Collins Utilities.
Information from: Fort Collins Coloradoan, https://www.coloradoan.com
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