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.

Nederland is closing in on purchasing a ski resort after Eldora’s current owner put it up for sale last year. The small mountain town west of Boulder signed a letter of intent to buy Eldora from

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