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INTRODUCTION The purpose of the Rico Geothermal Plan is to synthesize the existing research and geothermal resources planning and to involve the community in guiding next steps. Rico has a long history of natural resource development, but the community itself and the world around it have changed significantly since mining activity halted several decades ago. With the boom and bust cycle associated with mining still fresh in the memory of many long time residents, the community desires a more diverse and sustainable economic base that is more sensitive to impacts on the natural environment. The Town of Rico sits over a geothermal resource second only to Mt. Princeton in Colorado. The discovery of geothermal resource in Rico was made possible by data collected during the most recent minerals exploration in the 1970s and early 1980s by Rico Argentine Mining Company and Anaconda Minerals Company. Drill holes from this exploration north of Rico allowed hot water to flow to the surface, forming the hot springs used for occasional bathing. The mining companies recorded evidence of geothermal energy in drill holes throughout the region. The Rico geothermal resource occurs in a geologic structure known as the Rico Dome, a faulted anticline that has Precambrian greenstone and quartzite at its core and Paleozoic clastics and carbonates on its northern and southern flanks. Rico’s history is intertwined with natural resource development. Rico’s mining activity peaked in 1892 only to bust with the silver panic of 1893. The population of Rico naturally would rise and fall with the investment in the local mining industry with populations nearing a low of 70 and a high at nearly 5,000. Local mining occurred in the early 1900’s with a strong resurrection occurring in 1926. Bob Pellet and the Rico Mining Company began to revitalize the area mining industry, and in 1937 the Rico Argentine Mining Company constructed a new mill. A sulfuric acid plant brought better economic fortune from 1953 until 1965 (Town of Rico website). Since mining has been inactive for several decades now, the community’s economy has evolved to capitalize on natural beauty and recreational opportunities. With a long history of summer homes, the peak population occurs during the height of summer when second homeowners occupy their Rico homes. These residents contribute much needed revenue to the summertime economy. Rico is located on the San Juan Skyway Scenic Byway, which is traveled by hundreds of thousands of sight seers each year, mainly during the warmer seasons. These passersby inject revenues into the community as well. One of the most powerful economic drivers for Rico is its proximity to Telluride. Many residents conduct business or work in the Telluride region and bring their earnings home to Rico. Vacationers seeking a small town experience often opt to stay in Rico and drive to Telluride for resort amenities and events. While the current economic base will continue to play an important role in the future, residents see the need to diversify and build a more robust and sustainable economy. Geothermal resources represent opportunities for sustainable natural resource development that fits the community as it has evolved. 4PDF Image | Geothermal Energy Master Plan Town of Rico, Colorado
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