Arctaris Impact Fund finalizes a $6.5 million deal for the Rangeley-area ski resort, which has been closed since 2015.
saddleback
Posted inBusiness, News
Rangeley area residents, businesses hopeful Saddleback will reopen
A deal to buy the ski resort in Sandy River Plantation is in the process of being finalized after FAME guaranteed loans.
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Posted inBusiness, Local & State, News, Outdoors
Saddleback buyer gets final piece of financing package
The Finance Authority of Maine board unanimously approved $2.5 million in loan insurance on a $12.5 million loan, along with a $1 million direct loan.
Posted inBusiness
Will Saddleback ski resort reopen? A buyers loan guarantee meeting has been postponed.
Finance Authority of Maine says more information is necessary before it can give Arctaris Impact Investors a loan guarantee critical to the sale of the shuttered ski resort.
Posted inBusiness, Local & State, News
Saddleback buyers seek loan from Maine Rural Development Authority
Arctaris, a Boston firm, also wants loan insurance from the Finance Authority of Maine in a $6.5 million deal to reopen the ski resort.
Posted inBusiness, Local & State, News
Buyers postpone Saddleback purchase
The sale of the shuttered ski resort will be pushed into early 2020 as the state’s finance authority reviews the deal.
Posted inBusiness, Local & State, News, Outdoors
Prospective Saddleback buyer nears deadline to raise $2 million to close the deal
Arctaris Impact Investors has given itself until Dec. 16 to raise the money through a nonprofit.
Posted inBusiness, Local & State, Outdoors
Reopening Saddleback brings more than skiing back to Rangeley area
A range of emotions in Rangeley — “I think everybody around here is very excited,” “I don’t think they want to celebrate until that line is signed” — around the new Saddleback Mountain sale announcement.
Posted inBusiness, Local & State, News, Outdoors
Saddleback sale agreement lifts hopes for long-closed ski area to get up and running
After four years of uncertainty, the ski area near Rangeley is expected to reopen in 2020 under the ownership of a Boston investment company.
Posted inOp-Eds, Opinion
Maine Compass: As stewards of God’s creation, we must protect America’s public lands
The Land and Water Conservation Fund – which uses no taxpayer dollars – should receive a full and permanent federal appropriation.