After 4 years of suspended operation, Maine’s third largest ski resort has been sold to a Boston investment company with plans to reopen for the 2020 season.
In a statement released Thursday night, it was announced that the Arctaris Impact Fund out of Boston had purchased Saddleback Mountain. Press Herald report’s Saddleback’s new GM Andy Shepard said Arctaris plans to reopen for skiing sometime between Thanskgiving and Christmas of 2020.
The sale price was undisclosed but there will be significant investment in the resort’s aging infrastructure including the replacement of the antiquated Rangeley Double chairlift with a high-speed quad chair, installation of a new T-bar, modernization of the base lodge that will include a new kitchen and bathrooms on the third floor, expanded daycare and retail space, and new equipment to increase snowmaking capacity.
Saddleback is Maine’s 8th highest mountain with an elevation of 4,120 feet. It has 2,000 feet of vert and some of the most challenging inbound terrain in the East. When the resort is in full swing its the Franklin County’s largest employer. GM Andy Shepard plans on hiring 200 to 240 full- and part-time employees providing a significant boost to the local economy.
Casablanca Glades at Saddleback. Credit: thesnowway.com