Maine’s Saddleback Springs To Life Thanks to New Ownership
Maine 3rd largest ski mountain has been dormant, but new owners want it skiers carving turns by the end of the year.
For snow-lovers, this winter is rapidly turning into a dud. January was another casualty of the 'Polar Coaster.' Yes, we received nearly a foot of snow in one whack, only to have it melt the following week. Another storm, and another nearly 60 degree day. February isn't starting gangbusters either, with temps expected in the 50's early next week.
However, ski season is another story. Maine ski industry got another shot in the arm Friday afternoon when it was announced Saddleback Mountain had officially been sold to a group of Boston investors.
According to WGME News 13, the Finance Authority of Maine approved loan guarantees and a loan for $12.5 million. The loan made it possible for Arctaris, the Boston investment group buying the mountain, to move forward.
Maine's third largest ski mountain, with an elevation of 4,120 feet, according to peakbagger.com is ready for a new beginning. Investors are ready to dig in, with plans to purchase new equipment, including chairlifts, housing and a base lodge. While skiers will not be on it this season, the goal is to have the mountain open by the end of 2020.