Nederland, Colorado, Announces Plans To Buy Eldora

Originally posted on Powder | By Ian Greenwood | Last updated Jul 9, 2025 7:01 AM ET

The town of Nederland, Colorado, announced on Tuesday, July 8, 2025 that it had signed a letter of intent to purchase the nearby Eldora Mountain from its current owners, POWDR Corp., marking a significant step towards local ownership of the ski resort.

In an update shared earlier this year, the town estimated that Eldora would cost between $100 million and $200 million. But Nederland wrote Tuesday that the exact purchase price will remain confidential. It added that the sale could be finalized by the beginning of October 2025.

Under the sale, POWDR would enter a transition services agreement, supporting Eldora mountain operations for at least two years following the town’s purchase. All current Eldora employees would become employees of Nederland, maintaining their pay and benefits.

“We are grateful for the opportunity to have stewarded Eldora for the past decade, and are confident that the Town of Nederland will carry forward the high-quality guest experience and employee culture that has made Eldora a beloved resort,” said Justin Sibley, CEO of POWDR, in a statement.

Nederland plans to create a new municipal role that would serve as liaison between the town government and Eldora, called the Deputy Town Manager, Executive Director of Mountain Operations.

To finance the purchase, Nederland intends to use municipal revenue bonds backed by Eldora’s earnings, covering lift passes, Ikon Pass sales, food, and rentals. Ikon Pass access will continue at Eldora.

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In vetting operating plans and financial models, Nederland partnered with 303 Ski, a group of Colorado-based ski industry veterans. The town expects that 303 Ski will support Eldora after POWDR’s transition services agreement ends.

"There are many treasures that make the Town of Nederland and the Peak-to-Peak Region a unique and incredible place to live. Eldora is one of those treasures," said Nederland’s mayor, Billy Giblin, in a statement.

“Our vision is to build on Eldora’s legacy and create a community-driven, sustainable, and year-round destination that supports local jobs, outdoor industries, and infrastructure development,” he added.

Eldora was one of several POWDR-owned ski resorts that the company put up for sale in the past year.

Killington, Vermont, was purchased by local investors in 2024. Another group of locals tried to buy a separate POWDR property—Mt. Bachelor, Oregon—but the company ultimately decided to keep the Oregon ski resort.

This article first appeared on Powder and was syndicated with permission.

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