A tiny Colorado town has approved a $120 million purchase of a ski resort on the Ikon Pass
AspenTimes.com••business
Key Points:
- Nederland, Colorado, a town of about 1,500 residents, is nearing a $120 million deal to purchase Eldora Mountain Resort, with the town's board of trustees unanimously approving the asset purchase and transition services agreements.
- The purchase will be funded through municipal bonds backed by the resort’s revenue streams, ensuring no use of property or sales taxes, and the resort will operate as a self-supporting enterprise fund.
- Eldora, currently owned by POWDR, will transition to town ownership with plans to maintain continuous operations, reinvest in the mountain and community, and preserve its role as a regional outdoor recreation gateway.
- Key conditions for closing include obtaining a new special-use permit from the U.S. Forest Service and securing
