Powdr is a private company that owns and operates Boreal and Soda Springs in California, Copper Mountain in Colorado, Mt. Bachelor in Oregon, SilverStar Mountain in British Columbia, and Snowbird in Utah. The terms of the deal were not disclosed and the town’s Board of Trustees (Board) indicated that the purchase price would remain secret.

To pay for Eldora, the town will issue municipal revenue bonds “backed only by the resort’s earnings, which is profitable enough to service the debt.”

The small mountain town west of Boulder signed a letter of intent to buy Eldora from POWDR, the Salt Lake City-based ski company that has owned the ski area since 2016. Under the agreement, all 700 employees of Eldora would become Nederland employees, according to an emailed statement. No price was given.