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In a ski industry era dominated by acquisitions and the slow-but-steady march of conglomerates like Vail Resorts and Alterra Mountain Company, it’s easy to assume the next resort to change hands will be swept into another megapass portfolio. But today’s news? It flips the script. The town of Nederland, Colorado—population 1,500—is buying Eldora Mountain from POWDR.

Watch: This Is What Makes Eldora Mountain Special

Yes, you read that right.

This isn’t a buyout by billionaires or an expansion move by the big guys. It’s a tiny mountain town, just 30 minutes outside Boulder, purchasing a beloved local hill from one of the biggest players in the U.S. ski game. Eldora will soon be owned and operated by the people who call the mountain home. It will also be the first Colorado ski area sold from a conglomerate to an independent entity since the mid-’90s.

Here’s what we know:

The Deal

The purchase, which was announced on July 8, is expected to be finalized by early October. POWDR, which has owned Eldora since 2016, will stick around to support operations for the next two seasons, while the town transitions into ownership with help from 303 Ski, a team of seasoned Colorado ski industry veterans.

Current Eldora staff, around 700 people, will remain employed under new management (the town itself). And most important for locals? The purchase won’t cost taxpayers a dime—Nederland is financing the deal through municipal revenue bonds backed solely by the resort’s own earnings. “The revenue bonds will not be backed by local tax dollars. This avoids risk to the taxpayers,” the release stated, later noting that, “Revenue bonds tied to Eldora’s earnings (lift tickets, Ikon payments, food, rentals) will cover the cost.”

The purchase price is confidential and was not disclosed in the release.

The Ikon Connection

Eldora will stay on the Ikon Pass indefinitely, with the town release noting that “Ikon sales provide a stable revenue stream and keeping that as a part of the funding is essential to the financing plan.”

(Eldora was one of the original mountains on the Ikon Pass when the pass first launched in 2018.)

What’s Next?

The big buzz on forums like the r/Boulder subreddit on Reddit is that the town will turn the ski slopes into a summer bike park, adding another source of revenue. The July 8 press release hinted as much, stating that “We hope to add summer programming in the near future,” and noting that they plan “to turn Eldora into a year-round, community-driven asset-expanding recreation, sparking local jobs and outdoor industries.”

Nederland’s purchase of Eldora isn’t just a local headline—it’s a bold, defiant move for the soul of skiing, arriving at a moment when many skiers are growing weary of the corporate grip on the industry. One Redditor, u/These_Drama4494, summed it up well, calling the news a “first ski resort W for the people I’ve heard of in a while.”

Public meetings and Eldora employee town halls will be held regularly, and questions can be directed to townadmin@nederlandco.org.