Pondering Henderson's Closure.
Author | Best, Allen |
Position | TRAVEL TOURISM |
Molybdenum ore has been clawed out of the Henderson Mine since 1976. While the mine itself has 230 employees, most of whom live in metro Denver, property tax assessments collected from mine operator FreeportMcMoran are crucial to government operations in Clear Creek County.
Those revenues, though, are expected to end--sooner than later. "Count on it," said Bryce Romig, a longtime manager of the mine, which is located at the foot of Berthoud Pass at a meeting in 2015. "Get ready."
In a statement issued earlier this year, FreePortMcMoran estimated five years and possibly beyond--but only if rising prices of molybdenum justified the expense of developing the remaining reserves.
Some 40 percent of revenue in Clear Creek County's general fund comes from property taxes assessed on Henderson. Decisions must be made. What services should be cut? Having a jail is mandated by the state. So is control of noxious weeds. But offering ambulance service is optional.
On the other hand, Clear Creek County could also grow its economic pie. Sales tax revenues have been rising 5 percent a year. But county officials think they need to make the county a destination, not just a place to drive through.
One effort, says county communications officer John Bryan, involves the 6-acre property along the shores of Georgetown Lake. County officials have not...
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