The town of Nederland, Colorado just took a major step forward in its plan to buy a ski resort.
Tuesday evening the town’s board of trustees unanimously voted to approve the purchase of Eldora Mountain but the deal is far from sealed as there are still a few things that need to happen, namely securing the funds to pay for it.
The according Nederland trustees, the plan has been in the works since back in August 2024. With the purchase agreement approved, Nederland now needs to approve the bonds to pay for it. The purchase of the resort is expected to cost Nederland between $115 and $120 million.
Nederland plans to use revenue bond funds to buy Eldora. This will avoid the town need to raise sales/property taxes or put the town down for repayment. Trustees say the revenue generating by Eldora’s lift tickets, food and beverage and various other streams of revenue will pay to keep itself going.
The transition from the Nederland taking over Eldora from its current owner, POWDR a Utah-based recreation company, is expected to take over two years. Once Elodora is fully taken over, the resort’s approximately 700 employees will become town employees. The purchase is also contingent on securing permits needed from the U.S. Forest Service to continue to operate on federal lands. It is also contingent on Eldora remaining on the Ikon Pass.
A vote on the bonds is expected for January, 20, 2026.
