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PublishedApril 26, 2020
Face Time: Andy Shepard has a vision for Saddleback
Shepard is the new general manager of the ski area in northern Franklin County.
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PublishedFebruary 18, 2020
Saddleback celebrates purchase of ski area and a brand new high-speed lift!
Sunday night's party includes music, food and sight-seeing.
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PublishedJanuary 31, 2020
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.
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PublishedJanuary 28, 2020
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.
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PublishedJanuary 27, 2020
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.
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PublishedJanuary 15, 2020
Saddleback loan guarantee meeting postponed
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PublishedJanuary 4, 2020
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.
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PublishedDecember 20, 2019
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.
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PublishedDecember 9, 2019
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.
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PublishedNovember 8, 2019
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.
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