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Nederland Signs Binding Letter of Intent to Acquire Eldora Mountain Resort

Financed through municipal bonds repaid with ski area revenue the deal secures a two-year Powdr-run transition.

From left, Ziggy Avjen, Jose Garcia, Mason Richard, along with other snowboarders and skiers, celebrate the opening day at Eldora Mountain Resort in Nederland, Colorado on Nov. 7. (Photo by Hyoung Chang/The Denver Post)
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Overview

  • The Town of Nederland signed a binding letter of intent on July 8 to purchase Eldora, targeting an October closing pending final approvals and a public town hall.
  • The $100 million–$200 million acquisition will be funded by municipal revenue bonds backed by lift tickets and other on-mountain earnings to protect local taxpayers.
  • Post-transition management will be handled in partnership with 303 Ski, a coalition of former Vail Resorts executives brought on to guide Eldora’s future development.
  • Powdr will continue operating Eldora under a two-year transition services agreement, giving current staff the option to remain and later convert to town-provided benefits.
  • Eldora will stay in the Ikon Pass program and Nederland plans to expand into multi-season offerings, including summer activities and restored night skiing.