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Boston investment firm still pursuing purchase of Saddleback ski area

Boston investment firm still pursuing purchase of Saddleback ski area

Saddleback ski resort has been closed for four years, but parties say they are close to a deal to reopen it. A Boston investment firm is still negotiating to buy Saddleback ski area, but says the $10 million in federal tax incentives it was awarded this week are unrelated to its attempt to buy the shuttered resort. Jonathan Tower, managing partner of Arctaris Impact Fund, said his firm has been trying to buy the ski hill near Rangeley for more than a year, and is close to reaching a purchase-and-sale agreement with the Berry family, Saddleback’s owners. Maine’s third-largest […]

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