Nederland, Colorado — Remember when the Town of Nederland was closing in on a deal to acquire Eldora Mountain Resort? Pepperidge Farm remembers.
It seemed close to being finalized in late December 2025. Since then, we haven’t heard much about it. While it turns out that the negotiations have been ongoing, there are no real results yet.
BusinessDen reports that the Town of Nederland is continuing its efforts to close the deal with POWDR, the current owner. However, it’s clear that the process of buying the ski resort has been more complicated than anticipated. So far, the town has been billed for $830,000 in services to purchase Eldora.
Over the past several months, the town has worked with various parties to try to finish this process. This includes the SE Group, an exhaustive list of law firms, and lots of financial companies.
The town intends to fund the purchase through revenue bonds, so town taxpayers will not foot the bill. The purchase price is expected to be $120 million, but the total bonds requested are a maximum of $225 million, which would help with upgrades.
Also noteworthy is that the ski industry leaders who were planned to assist the town with operations are no longer involved. The Colorado Sun reported in February that 303 Ski was told by the town that it thought it was best to move forward without them. Members of the 303 Ski team said they’re happy to help again if the town reaches out.
Jonathan Cain, the Town Manager, recently told BusinessDen that the deal would close “soon.” The last official update from the town’s website came on May 1st, as it still states that the process is ongoing.
Given that a previously signed contract states that the purchase process should have concluded by the end of April, it’s fair to question whether the town can seal the deal.
Image/Video Credits: Eldora Mountain Resort
