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"We expect that for generations to come, people will have the opportunity to observe this geological masterpiece that we're calling Memorial Rock," Polis said at a news conference earlier this week.
As part of a rock slide, two giant boulders tumbled about 2,000 feet from a mountain ledge onto the highway at the start of Memorial Day weekend. Transportation officials destroyed the smaller 2.3-million-pound rock with explosives.
The enormous boulder rock blocked traffic and closed down the highway. A local restaurant had to cancel their long-awaited Memorial Day motorcycle ride.
"There's a huge avalanche-size scar down the side of the mountain," said Brandy Randall, co-owner of the Enterprise Bar and Grill up the canyon from the rock in Rico, Colorado.
"Our maintenance guy was stuck in [the neighboring town of] Dolores for five days," said Rico's Town Manager Kari Distefano.
The highway will be widened with additional shoulder and a new guardrail will be installed near the rock, Lisa Schwantes, the transportation department's southwest Colorado spokeswoman, told UPI.
Fixing the two-lane highway will cost about $1.3 million, Polis said, but most of that money will come from emergency funds from the Federal Highway Administration.
"We lost a ton of business, but we hope people come back up later this summer," Randall said. "We were told the highway would be fixed by the Fourth of July."