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.