Arctaris Annual Impact Report: Stepping Up for Communities and Investors

Saddleback Mountain Annual Impact Report: Investing in Jobs, Housing, and Sustainability

Date

Saddleback Mountain and Arctaris Impact Investors have just released Saddleback’s first
Impact Report, and the results are impressive – on par with the legendary ski experience that
has earned its recognition as Maine’s favorite mountain for three years in a row and also SKI
Magazine’s #4 best resort in all of North America
.

Over the past four years, Arctaris Impact Investors has invested over $42M in Saddleback
Mountain, breathing new life into the mountain and helping revitalize the surrounding
communities in Western Maine.

This investment has fueled significant positive activity, including:

  • 240+ new jobs
  • New workforce housing with 80 beds
  • 7.5-megawatt solar farm
  • 4 new chairlifts and snowmaking upgrades
  • The Nest: New England’s highest altitude restaurant and event space

The Saddleback Mountain Impact Report highlights the Mountain’s progress to date since its re-
opening in 2020 and highlights the importance of the ongoing sustainability of this economic,
recreational, and cultural asset.

This success story is a testament to the power of partnership. Arctaris Impact Investors, the
Finance Authority of Maine, foundation partners, and the Rangeley community have come
together to make a real difference in Western Maine.

View the Saddleback Impact Report Here

Related News

Arctaris Releases Annual Impact Report, Stepping Up for Comm...

Arctaris Impact Investors, LLC (“Arctaris”), the largest impact-focused Opportunity Zone fund manager nationally, released its 2024 Arctaris Impa...
Read More

Arctaris Impact Investors Announces Successful Sale of Cold ...

Arctaris Impact Investors Successfully Exits Investment Following the Renovation and Recapitalization of the Industrial Facility; Consumer Fresh Prod...
Read More

Arctaris Impact Investors and Housing Diversity Corp. Announ...

Opportunity Zone investment reflects the power of collaboration between public, private, and philanthropic sectors to address the city's housing cris...
Read More