The Town of Nederland is planning to move forward with the idea of buying Eldora Mountain Ski Resort, which is located just 10 minutes from the small town in Colorado.

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