Despite Pandemic, Saddleback Resort Relaunch Remains on Track
Significant upgrades to Saddleback Mountain, the ski resort in Rangeley, remain on track despite the pandemic.
And a Saddleback-led task force has been established to reinforce Rangeley and surrounding towns as year-round communities, with a focus on workforce attraction and retention.
Boston-based Arctaris Impact Fund LP bought Saddleback in January, paying $6.5 million for its 6,400 acres, including the ski trails and buildings.
Arctaris subsequently launched a multiyear $38 million upgrade of the resort, which is Maine’s third-largest ski area. The resort has been closed since 2015.
Upgrades include a high-speed detachable quad chairlift, redesign of the lodge, expansion of the snowmaking system, and the addition of mountain bike and fat bike trails.