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.

The purchase of Eldora will be funded by bonds to be paid off using lift-ticket and other on-mountain revenue rather than Nederland taxes

Eldora Mountain ski area could soon have a new owner. Trustees of the neighboring town of Nederland announced on Tuesday a plan to purchase the Colorado resort.