SAM Magazine—Nederland, Colo., Jan. 13, 2026—The Town of Nederland’s Board of Trustees unanimously voted Jan. 6 to approve an asset purchase agreement that would pave the way for the municipal acquisition of Eldora Mountain Resort from Powdr Corp. for roughly $120 million.

The approved agreement authorizes Nederland to purchase Eldora through revenue bonds backed solely by Eldora’s operating income, including lift tickets, rentals, and food and beverage sales, with no local tax dollars or general-fund money pledged for repayment. 

The planned purchase would transfer all essential resort assets—including lifts, lodges, and snowmaking infrastructure—to Nederland’s municipal Mountain Recreation Enterprise.

The transaction is not yet final. The town still needs to secure the revenue bond financing, obtain a new special use permit from the U.S. Forest Service, finalize an Ikon Pass agreement with Alterra Mountain Company, and complete other regulatory and third-party approvals before closing can occur. 

Under the current transition plan, Powdr will continue to operate Eldora for two years while Nederland prepares to assume full operational responsibilities.

Read more about Nederland’s bid to acquire Eldora in SAM’s November special report.