Michael Fulton
Nederland Approves $120 Million Eldora Purchase in Rare Municipal Ski Resort Acquisition
The Town of Nederland has approved purchasing Eldora Mountain Resort for $120 million from POWDR, joining a small handful of U.S. municipalities operating ski areas. The deal raises questions about municipal risk exposure and whether revenue bonds backed solely by lift ticket sales can sustain a ski resort in an era of climate uncertainty.
Eldora
Colorado
