A tiny Colorado town has approved a $120 million purchase of a ski resort on the Ikon Pass
Steamboat Pilot••business
Key Points:
- Nederland, Colorado, a town of about 1,500 residents, is close to purchasing Eldora Mountain Resort for $120 million, with the town's board of trustees unanimously approving the asset purchase and transition services agreements.
- The town plans to finance the purchase through municipal bonds backed by the resort’s revenue streams, operating Eldora as a self-supporting enterprise fund without using general tax revenues.
- Eldora, currently owned by POWDR, will continue operations under local ownership, with POWDR providing advisory services for two years to ensure a smooth transition and maintain its role as a regional outdoor recreation gateway.
- All Eldora employees would become town employees, with plans to prioritize accessibility and affordability for locals, though specific benefits and discounted
