But what if somebody tried to create a ski utopia? And what if they waged their campaign in the hardscrabble hinterlands of western Maine? Arctaris Impact Fund, a Boston investment firm that specializes in shoring up struggling local economies, is doing just that. On January 31, Arctaris spent $6.5 million to purchase a beloved but troubled backwoods ski mountain—Saddleback Maine, which has been shuttered for the past five seasons. Arctaris plans to radically renovate the base lodge this summer. It’ll open the lifts in December and will eventually spend $38 million in hopes of turning Saddleback into a funky and humane nirvana, replete with affordable housing, fair compensation, day care, and bus transport for its workers—and also, yes, crazy-steep trails and a laid-back lodge where the PBR will flow at an amiable people’s price.
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,
...