"Industry NewsThe Town of , Colorado, has formally approved the purchase of Eldora Mountain Resort , marking one of the rare instances in which a U.S. municipality has moved to acquire a ski resort from a corporate owner. On January 6, 2026, the Nederland Board of Trustees voted unanimously to approve the $120 million acquisition of the ski area from , concluding roughly 16 months of negotiations and planning."
"Bank of America and RBC Capital Markets are serving as co-underwriters for the bond issuance. As part of the agreement, Eldora's approximately 700 employees will also become municipal employees. POWDR will continue to operate the resort for the next two winter seasons to ensure a smooth transition, after which day-to-day operations are expected to be handled by 303 Ski, a Colorado-based operator. The town also plans to create a new management position to serve as a liaison between municipal leadership and resort operations."
Nederland approved a $120 million purchase of Eldora Mountain Resort, with the Nederland Board of Trustees voting unanimously on January 6, 2026. The town will fund the acquisition with revenue bonds backed solely by Eldora's operating earnings; local tax dollars and the town's general fund will not repay the debt. Bank of America and RBC Capital Markets are co-underwriters for the bonds. Approximately 700 Eldora employees will become municipal employees. POWDR will operate the resort for the next two winter seasons, after which 303 Ski is expected to handle day-to-day operations. Eldora will remain on the Ikon Pass pending a new agreement. The transaction requires a special-use permit from the U.S. Forest Service.
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