Buyers Postpone Saddleback Purchase While State Reviews Backing
The purchase of Saddleback ski area will be delayed until early next year while a state finance agency reviews an application for debt insurance that the sale depends on.
Arctaris Impact Fund, a Boston investment group, planned to close the $6.5 million purchase of the shuttered Rangeley-area ski resort from the Berry family next week. The complicated deal would involve federal tax incentives, private investment, state loans and local philanthropy. Saddleback, which had been Maine’s third-largest ski area, has been closed for four years.Read the full story at SunJournal.com