ARCTARIS IMPACT FUND PURCHASES SADDLEBACK SKI AREA

We will ski Saddleback again!

After five LONG years, Saddleback Ski area in Rangeley, Maine has a new owner! Andy Shepard just confirmed to A Family Skiing in Maine that Arctaris Impact Fund completed the purchase of Saddleback Mountain this afternoon and will immediately shift their focus to getting ready to reopen the mountain at the end of 2020.

A big thank you to ALL the parties involved getting this deal done. Lots of work ahead for the new owners but this is a joyous day! We are looking forward to a new era for Saddleback and skiing these magnificent slopes once again.

As the press release and more news comes out, we will update this blog post. This is a great day for skiing in Maine!

February 2nd Saddleback Statement

Arctaris Impact Fund, LP, successfully completed the purchase of Saddleback Mountain on Friday, January 31st and will immediately begin preparations for re-launching ski operations for December 2020.

We’d like to thank the Berry family for their commitment to the mountain as we look forward to finishing the job they started.

Our focus will now shift to launching the redevelopment effort, completing our philanthropic campaign to fund the mountain improvements, placing the order for a detachable-grip quad chairlift, building a more powerful and efficient snowmaking system, and renovating the lodge.

With the purchase transaction complete, Arctaris can also begin to work in earnest with the State of Maine and other interested parties to develop solutions for affordable housing, affordable daycare, workforce development, transportation and access to healthcare benefits.