June 10, 2020 Significant upgrades to Saddleback Mountain, the ski resort in Rangeley, remain on track despite the pandemic. Boston-based Arctaris Impact Fund LP bought Saddleback in January, paying $6.5 million for its 6,400 acres, including the ski trails and buildings. Arctaris subsequently launched a multiyear $38 million upgrade of the resort, which is Maine’s third-largest ski area. The resort has been closed since 2015. Upgrades include a high-speed detachable quad chairlift, redesign of the lodge, expansion of the snowmaking system and the addition of mountain bike and fat bike trails.
Date
Related News
Workforce Choke Point Ratio
What the Choke Point Index Measures
The Workforce Choke Point Ratio measures how much the minimum cost to deliver a new code-compliant home in a ...
Getting Stuck in Massachusetts’ ‘Housing Purgatory’
Many residents make too little to buy at market rate but too much to qualify for subsidies.
Massachusetts is now the second most expensive state...
The Modern Homestead: Why $100 Billion Can’t Build Starter...
This is the distinct scarcity of 2026—not a shortage of land, labor, or human desire, but a scarcity of permission.
By Jonathan Tower,
...