Saddleback ski resort in 'serious negotiations' with potential buyer
Saddleback Maine announced Thursday that its owners were in negotiations with a prospective buyer for the the Rangeley ski resort and that it may open this season after all.
The future of the western Maine ski resort has been in doubt since its owners said in July that the mountain wouldn’t open for the upcoming season without $3 million in funding for a new central ski lift.
In a Facebook post Thursday afternoon, the company announced that the owners are in the midst of “serious negotiations” with a buyer that plans to open for the upcoming winter. The potential buyer wasn’t named.
The company announced last month that four separate potential buyers were interested in operating the resort this season, and a fifth was considering buying the resort in the spring.
Bill and Irene Berry of Farmington purchased Saddleback in 2003 and invested $40 million in the resort, adding trails, two quad chairlifts, a new base lodge and expanding snowmaking at the 4,120-foot ski mountain.
The resort employs more than 300 people and is a major economic engine for the region, according to the Morning Sentinel. It’s been on the market since 2012, when its owners listed the property for $12 million.
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Saddleback yet to finalize sale, putting ski season in further doubt
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