A Maine ski resort that has been closed for four years could reopen next year after being purchased by a Boston investment firm, the Portland Press Herald reports.
Saddleback Mountain is expected to reopen between Thanksgiving and Christmas of 2020 after a deal was struck for Arctaris Impact Fund to buy the resort from its owners.
The sale price was not disclosed.
Andy Shepard, who will be Saddleback’s new general manager, told the paper the firm was planning to make improvements including the installation of a high-speed quad chair and new T-bar and modernization of the base lodge.
Shepard said the resort is planning to hire 200 to 240 full- and part-time employees.