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.”

Town leaders say the purchase will boost local economic development and will allow it to better support mountain ski employees.