Saddleback celebrates purchase of ski area and a brand new high-speed lift!

Sunday night's party includes music, food and sight-seeing.

Saddleback finally has a new owner, with plans to reopen slopes next season

Arctaris Impact Fund finalizes a $6.5 million deal for the Rangeley-area ski resort, which has been closed since 2015.

Rangeley area residents, businesses hopeful Saddleback will reopen

A deal to buy the ski resort in Sandy River Plantation is in the process of being finalized after FAME guaranteed loans.

Saddleback buyer gets final piece of financing package

The Finance Authority of Maine board unanimously approved $2.5 million in loan insurance on a $12.5 million loan, along with a $1 million direct loan.

Saddleback loan guarantee meeting postponed

Saddleback buyers seek loan from Maine Rural Development Authority

Arctaris, a Boston firm, also wants loan insurance from the Finance Authority of Maine in a $6.5 million deal to reopen the ski resort.

Buyers postpone Saddleback purchase while state reviews backing

The sale of the closed ski resort will be pushed into early next year while the Finance Authority of Maine reviews the buyer's application for state-backed debt insurance.

Prospective Saddleback buyer nears deadline to raise $2 million to close the deal

Arctaris Impact Investors has given itself until Dec. 16 to raise the money through a nonprofit.

Reopening Saddleback will bring more than skiing back to Rangeley area

A range of emotions in Rangeley — "I think everybody around here is very excited," "I don't think they want to celebrate until that line is signed" — around the new Saddleback Mountain sale announcement.

Saddleback sale agreement lifts hopes for long-closed ski area to get up and running

After four years of uncertainty, the ski area near Rangeley is expected to reopen in 2020 under the ownership of a Boston investment company.