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Nederland, Colorado. Photo courtesy of the Town of Nederland.
Nederland, Colorado. Photo courtesy of the Town of Nederland.
Nederland to buy Eldora resort in major economic move
Margaret Jackson //July 14, 2025//
The town of Nederland plans to buy Eldora Mountain Resort, marking a significant step toward securing a vital economic engine for the community.
In Brief:
- Nederland signs term sheet to purchase Eldora Resort
- Town expects $2M annually in new sales tax revenue
- All 700 Eldora staff to become town employees
- Municipal bonds and resort revenue to fund acquisition
Nederland signed a term sheet with the resort on July 8, paving the way for the deal to close by early October.
“Nederland aims to turn Eldora into a year-round, community-driven asset — expanding recreation, sparking local jobs and outdoor industries, and weaving sustainability and social equity (i.e. workforce housing) into every run, trail and event,” the town wrote in a letter to residents. “These economic development opportunities will give the town a long-needed, sustainable way to fund infrastructure.”
Nederland plans to annex the mountain, which would grant land-use control and allow sales taxes to be collected. Sales taxes are projected to add up to $2 million annually to the town’s general fund.
All 700 Eldora employees will transition to town employees.
Nederland plans to issue municipal revenue bonds to finance the acquisition, with repayment backed by the resort’s earnings from life tickets, Ikon Pass sales, food and rentals.
The bonds will be supported by general tax dollars. The town is pursuing grants and private-sector funding to reduce the overall debt.
Eldora’s revenue is sufficient to cover the bond obligation, according to financial data shared by the seller. Current models project the ability to build a $10 million reserve within the first few years, which will reside in the Mountain Recreation Enterprise Fund to safeguard against poor snow years.
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