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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
Will Saddleback ski resort reopen? A buyers loan guarantee meeting has been postponed.
Finance Authority of Maine says more information is necessary before it can give Arctaris Impact Investors a loan guarantee critical to the sale of the shuttered ski resort.
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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
The sale of the shuttered ski resort will be pushed into early 2020 as the state's finance authority reviews the deal.
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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 brings 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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PublishedNovember 7, 2019
Saddleback sale agreement lifts hopes for long-closed ski area to get up and running
After four years of uncertainty, the ski area near Rangeley is expected to reopen in 2020 under the ownership of a Boston investment company.
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PublishedNovember 1, 2019
Maine Compass: As stewards of God’s creation, we must protect America’s public lands
The Land and Water Conservation Fund – which uses no taxpayer dollars – should receive a full and permanent federal appropriation.
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PublishedSeptember 21, 2019
Talks to reopen Saddleback Mountain ski resort stall
A potential deal between the owners and Boston investors, announced in June, collapses amid finger-pointing and accusations.
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PublishedJuly 13, 2019
Boston investment firm still pursuing purchase of Saddleback ski area
But the Arctaris Impact Fund says the $10 million in federal tax incentives it is eligible for doesn't figure in those negotiations.
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