A family-owned farm square in the path of northern Front Range development hits the auction block later this month. But it’s not the land that has everyone talking. It’s the water.
“Water is the new gold,” said Scott Shuman, a partner in Hall and Hall, the auction house that will sell 411 acres of the Reynolds Farm and 13.75 shares in the Highland Ditch, along with the big-ticket item: 276 units of Colorado-Big Thompson water.
As Colorado’s population has grown, so has demand for water. Shuman said he expects farmers, cities and developers to try to get a piece of the Reynolds Farm portfolio. [read more]