Thursday, November 7, 2019

Agreement Reached to Sell Saddleback to Arctaris

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Pic from one of our all-time epic days at Saddleback!
The Berry family and Arctaris Impact Fund have announced an agreement on the sale of Saddleback ski resort. It appears new investment in chairlifts, base lodge, snowmaking and even a summer mountain coaster are in the works with a target opening for the 2020-21 ski season!

Both sides are working towards a final closing of the sale by mid-December. A Family Skiing in Maine sends along good vibes to all sides in hopes for a successful conclusion to the sale.

This is a great step forward for skiing in Maine! We will keep this page updated to the various news articles and statements about this development.

From the November 7th Portland Press Herald / Sun Journal Article:

"Portland attorney Severin Beliveau, who is representing the Berry family, said the closing is expected to take place in mid-December. The sale price was not disclosed."

"Andy Shepard, who will serve as Saddleback’s new General Manager, said Arctaris plans to reopen for skiing sometime between Thanskgiving and Christmas of 2020."

"Shepard said Arctaris is making a significant investment that will result in 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."

From the November 8th Bangor Daily News Article:

"We also plan to add a mountain coaster, which is like a toboggan run on rails,” he said. “They are popular in Europe and are a way to experience mountain views year-round.” The coaster can travel up to 25 miles per hour, Shepard said."

Saddleback & Arctaris News Links


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