Damaged Cottonwood Tree
Hello everyone! I hope this is the right place to ask this question... :)
We have a pretty old cottonwood tree in our backyard. Sometime last year we had a pretty bad storm and we noticed some damage to the bark of the tree after that storm. It's been very windy here lately and I'm not sure if that's irritating the previous damage, but this tree is looking worse than before. A large chunk of bark (probably 1.5-2 feet in length) fell off the tree yesterday.
We've considered having the tree cut down but it is VERY tall and will cost us a good chunk of money. I was just curious if anyone here could give me some input on how they think the tree looks. Hopefully you can see the damage in the photo. The photo I included only shows the damage to the front of the tree. There is another similar looking spot on the right side of the tree. Is this something we should be seriously concerned about? Or will this tree be okay as is?
Any input is greatly appreciated.