Saddleback Mountain: Hopes, fears ride on prospective buy

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Saddleback Mountain: Hopes, fears ride on prospective buy

Postby Tom Nolette » Wed Jul 22, 2015 5:51 am

Saddleback Resort's Woes Generate Worry in Rangeley Region

RANGELEY, Maine - Saddleback Mountain in Rangeley needs to raise $3 million by the end of the month in order to open for the winter ski season. That's the message today from the owners of the resort, who hope that a viable funding source will come forward and secure what many say is a critical anchor for the economy of western Maine.

In case you don't know what $3 million can buy, it's enough for a quad chair lift - which Saddleback general manager Chris Farmer says the resort needs ASAP to replace its 50-year-old Rangeley Double Chair. "Essentially, we are a victim of our own success, that we have a bottleneck of getting customers out of the base area to the other parts of the mountain."

http://news.mpbn.net/post/saddleback-re ... ley-region
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Re: Saddleback Resort's Woes Generate Worry in Rangeley Regi

Postby Tom Nolette » Sat Aug 01, 2015 3:34 am

Saddleback extends deadline for decision on upcoming ski season

DALLAS PLANTATION | The general manager for the Saddleback ski area said Friday the resort was going to extend by a few days its self-imposed deadline for securing $3 million in financing for a new chairlift. In July, the resort announced it would have to close for the 2015-16 …

http://bangordailynews.com/2015/07/31/b ... ki-season/
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Re: Saddleback Resort's Woes Generate Worry in Rangeley Regi

Postby Tom Nolette » Sun Aug 30, 2015 7:05 am

An economic cloud hovers over Saddleback
Financial woes threaten to shutter Rangeley's ski area and jeopardize the economy.

RANGELEY — People in this mountain town known for brook trout and bull moose still were wondering last week about the fate of their local ski area. And many said they’re worried.

Saddleback, which employs more than 300 people, announced on July 20 that it would close in two weeks if the owners did not secure the $3 million needed for a new chairlift.

The 51-year-old Rangeley Double Chair works. However, the Berry family, which owns Saddleback, said the outdated lift holds the ski area back from becoming economically viable.

http://www.pressherald.com/2015/08/30/a ... addleback/
Portland Press Herald - allows 10 free reads per month for non-subscribers.
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Re: Saddleback Resort's Woes Generate Worry in Rangeley Regi

Postby Tom Nolette » Fri Sep 04, 2015 5:35 am

Skiers have hopes, doubts about Saddleback future
The ski resort has announced four scenarios to remain financially viable.

Skiers were skeptical Thursday about whether Saddleback Maine will open this winter despite the resort’s Facebook announcement a day earlier that it is exploring several options for remaining financially viable.

In July, Saddleback said it would not open for the 2015-16 season if it couldn’t raise $3 million within two weeks to replace an aging chairlift. On Wednesday evening, the resort posted on its Facebook page that it had “exhausted all reasonable financing options” for replacing its 51-year-old Rangeley Double Chair with a high-speed quad that could double the number of skiers moved up the mountain per hour.

http://www.pressherald.com/2015/09/03/s ... ck-future/
Portland Press Herald - allows 10 free reads per month for non-subscribers.
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Re: Saddleback Resort's Woes Generate Worry in Rangeley Regi

Postby Tom Nolette » Sat Oct 10, 2015 4:46 am

Saddleback ski area expects announcement on its future next week
The resort's general manager says a deal is close to being completed.

Saddleback Mountain ski area in Rangeley is close to completing a sale and is expected to make an announcement about its future next week, Saddleback general manager Chris Farmer said Friday.

The owners of the ski resort, Bill and Irene Berry of Farmington, have been negotiating with a prospective buyer who would be able to open the mountain this winter, Farmer said.

http://www.pressherald.com/2015/10/09/s ... next-week/
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Silence on Saddleback resort’s status frustrates skiers

Postby Tom Nolette » Fri Nov 27, 2015 5:11 am

Silence on Saddleback resort’s status frustrates skiers
Some season pass holders doubt it will open this winter and want a refund, but they are being told 'not at this time.'

Season pass holders at Saddleback – some of whom paid up to $2,000 – are confused and angry because there still is no word about whether the Rangeley ski area will open this winter.

Saddleback announced in July that it would close if it could not secure $3 million to replace an aging chairlift. The owners, Bill and Irene Berry, were unable to get the financing, but by early September said they were exploring options to sell the resort. On Oct. 8, an update on Saddleback’s Facebook page said: “We are in the midst of serious negotiations with a buyer that plans to open for the winter, hope to be up and running soon. Keep you posted as soon as we have more information!”

http://www.pressherald.com/2015/11/27/s ... es-skiers/
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Re: Saddleback: Saddleback ski resort plans to open in late

Postby Tom Nolette » Sat Dec 19, 2015 6:47 am

Saddleback ski resort plans to open in late January
The resort announces that it expects a sale to a 'prospective new owner.'

The Saddleback ski resort announced on its website Friday it expects a sale to a “prospective new owner” and plans to open in late January.

The posting also said that skiers who purchased season passes can request a full refund immediately, since the resort will open a month later than usual. Season pass holders who choose to wait for the resort to open “will receive an additional 50% resort credit bonus” that can be used for items such as meals, lift tickets, lessons and equipment rentals – or toward future season passes.

Saddleback, located outside Rangeley in western Maine, announced in July that it would close if it could not secure $3 million to replace an aging chairlift. The owners, Bill and Irene Berry, were unable to get the financing but by early September said they were exploring options to sell the resort.

http://www.pressherald.com/2015/12/18/s ... e-january/
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Re: Saddleback: Saddleback ski resort plans to open in late

Postby Tom Nolette » Sun Dec 27, 2015 8:18 am

Good news for Saddleback as well as skiers

By taking advantage of every opportunity to make snow, ski areas have been slowly adding terrain, and in spite of unseasonably warm temperatures, there is skiing for this vacation week. It may seem like not much is open, but if we could go back to the trail maps pre-snowmaking, we would fi...

http://www.sunjournal.com/news/local-sp ... rs/1843234
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Re: Saddleback: Saddleback ski resort plans to open in late

Postby Tom Nolette » Tue Feb 09, 2016 5:57 am

Saddleback Mountain won’t open for skiing in time for February school vacation
Monday's announcement raises doubt that Saddleback, Franklin County's third-largest winter employer, will open at all this season.

Officials at Saddleback Mountain near Rangeley said Monday the ski resort would not open in time for the traditional February school vacation week, plunging the future of the mountain into further uncertainty and raising fresh concerns among pass-holders and local business owners.

The ski resort had been slated to open under new ownership by the end of January, but the sale of the mountain has delayed its opening day and the prospective buyer has not been identified. The company made the announcement that it would not open for the week of Feb.14 on its Facebook page Monday afternoon without offering a specific reason.

http://www.pressherald.com/2016/02/08/s ... -vacation/
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Re: Saddleback Mountain won’t open for skiing in time for Fe

Postby Tom Nolette » Mon Mar 21, 2016 5:20 am

A cloud of uncertainty hangs over Saddleback Mountain’s future
With the lifts at a standstill, businesses and customers in Rangeley wonder when skiers will get their next run down the slopes.

Over the following months, Saddleback owners communicated about the sale solely through their Facebook page. In October, they announced that they were in serious negotiations with a buyer who hoped to open for the winter season. A post in December said the Berry family and the prospective buyer felt confident that the sale would be complete, opening the mountain by late January.

Subsequent posts in January said the sale was moving forward and the groomer-mechanic had returned to work, offering hope for an early 2016 opening.

But in a Feb. 8 post, the owners announced the mountain would not open for February school vacation and that “any possible opening date will be posted as we receive the information.”

http://www.pressherald.com/2016/03/20/a ... ns-future/
Portland Press Herald - allows 10 free reads per month for non-subscribers.
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