Could this (finally) be it?
Ever since its lifts shuttered after the 2015 season, the hopes of one day seeing Maine’s Saddleback Mountain return as a vibrant skiing and riding destination have swelled like the tide.
In 2017, the Berry family, which had owned the ski area since 2003 and announced its intentions to sell in 2013, reached an agreement for sale with the Australian Majella Group. That offered some promise. At least until CEO Sebastian Monsour was soon arrested in Australia for investor fraud. So, there went that.
Last fall, the Berry family reached an agreement with Arctaris Impact Fund of Boston to sell the resort, and left the community of Rangeley on pins and needles with each development. But it seems as if a major hurdle has been cleared in order for the sale to be cleared later this week.