Aurora finalizes disputed $80 million farm purchase as it seeks more water for growing population

Denver Post

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Private Equity: Alden Global Capital

Aurora finalizes disputed $80 million farm purchase as it seeks more water for growing population

The legality of Aurora’s $80 million purchase of a farm and its water rights is disputed by leaders in southeastern Colorado, who say the deal violates a two-decade-old agreement to stop the booming suburban city from using water meant for crops. Aurora city officials on April 18 finalized the deal to buy a 5,475-acre farm and its water rights in rural Otero County. The city will lease out the property for farming most of the time, though it can…