New Prospective Buyer Takes Another Run At Getting Saddleback Ski Area Back In Business
A Boston investment firm has made an offer to buy Saddleback Mountain, pledging to invest $25 million to $30 million after the sale to help restart the Rangeley ski resort, which has been closed for four years.
Some details of the Arctaris Impact Fund’s offer to the Berry family, which owns the property, was included in an email shared this week with owners of Saddleback condos. The email was sent by Andy Shepard, CEO of the Outdoor Sports Institute, and Tom Federle, a Portland attorney, who have been working with Arctaris to try to purchase the ski area.
When it was open, Saddleback was the state’s third-largest ski resort, drawing thousands of tourists every winter and providing hundreds of local jobs.