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Great news for Saddleback Ski Area

ski diva

Administrator
Staff member
Saddleback Mountain, Maine's third largest ski area that's been dormant following financial problems, is being purchased by a group of skiers and businessmen. While not a done deal, it's indeed light at the end of the tunnel for a really nice area.

Here's the scoop.
 

MaineSkiLady

Angel Diva
You beat me to this news by a couple of hours. I was hoping there would have been immediate follow-up, news-wise, to the 11 a.m. press conference. But I don't have further input yet - will follow up when available.

Yes - great news. Won't be an easy start-up, though. I may well become a shareholder?
 

MaineSkiLady

Angel Diva
Update:
https://www.sunjournal.com/news/mai...GN&utm_term=0_c59a67ec86-97e248148d-196142541

"PORTLAND — Supporters of Saddleback Maine ski area near Rangeley announced Thursday that if they can raise a $4 million down payment, they will take over the ski area — possibly opening in 2016-17 — with the goal of eventually turning it into a community nonprofit.

Peter Stein, organizer of the effort to buy Saddleback, said at a news conference that as soon as the newly formed Saddleback Community Mountain Resort — which he described as a private, community-owned company — can raise $4 million, the current Saddleback owners have agreed to transfer the operation.

“There is no doubt — none — that we can raise $4 million. The faster the better,” Stein said from The Trust for Public Land office. If supporters are able to raise that amount, Saddleback "will be owned by the community forever,” Stein said.

More than 1,000 people have committed to donate money, he said.

Anyone who donates $2,000 or more would become a member of Saddleback Community Mountain Resort, Stein said. Residents of Rangeley, Dallas Plantation and Sandy River Plantation are automatic members, he said.

When $4 million is raised, Saddleback Community Mountain Resort will gain exclusive rights."
 

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