The owners of Saddleback Maine have reached an agreement with a buyer for the ski resort and are moving forward with paperwork to complete the sale according to a post on the Saddleback Maine Facebook page on Jan. 8. If all goes as planned, the resort hopes to reopen by mid-January.
In July of 2015, the resort announced it would be forced to close if the current owners were unable to raise $3 million dollars to replace the 51-year-old Rangeley double chair. The chair is one of four at Saddleback and provides access from the base area to the resort’s other lifts, as well as much of the resort’s intermediate terrain.
In September, the resort announced on their Facebook page that they had exhausted all options for financing a new quad to replace the Rangeley chair, however, there was interest from potential buyers to purchase the resort.
Saddleback General Manager Chris Farmer confirmed that a January opening is still possible. The resort will open with the current Rangeley double chair before beginning improvements next summer. In light of the fact that the resort is a full month behind their usual opening date of December 19, they have offered several options for refunds to season pass holders, including resort credit, converting the pass into a gift card and a full refund.
The resort, which is in the Rangeley Lakes region of Maine, is the third biggest resort in the state and provides jobs for 300 employees each season. The Berry Family who purchased the resort in 2003 invested more than $40 million on improvements before putting the resort back on the market in 2012.
For more on this story, see Saddleback continues to seek financing options.