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.
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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.