Page 4 of 4 FirstFirst 1234
Results 46 to 49 of 49

Thread: Saddleback Mountain Sale

  1. #46
    Senior Member
    Join Date
    Jul 2015
    Location
    Lewiston, and Biddeford Maine
    Posts
    669
    $23.5 million? I thought the Berry's wanted to sell it for around $7 to $10 million? And another $38 million in investments after the purchase? Its going to be 100 years before they break even.

  2. #47
    Senior Member Mike P.'s Avatar
    Join Date
    Sep 2003
    Location
    Colchester, CT
    Posts
    2,903
    Quote Originally Posted by peakbagger View Post
    up date, looks like the deal is closing this week.

    https://www.boston.com/news/skiing/2...ntain-in-maine
    There's an optimist born every other minute.... I wonder who floated the insurance policy, if I am reading that right, if the policy was written for a payment of 2.5M that's a pretty pricey cost.

    I would expect some type of request for approaching the AT Trail corridor again and with the current group in charge of the Interior, it may be the best chance a real estate developer to make gains at the lost of the AT.
    Last edited by Mike P.; 02-01-2020 at 01:07 PM.
    Have fun & be safe
    Mike P.

  3. #48
    Senior Member Vermonster's Avatar
    Join Date
    Sep 2003
    Posts
    132
    I think the Berry's got $6.5 million
    Hopefully the improvements strike an appropriate balance.
    After this (poor) winter, many businesses in the Rangeley area are really hurting from lack of snowmachine business and challenging conditions for forestry. Saddleback opening in December 2020 might encourage a few on the edge to hold out.

    Press Herald Story: https://outline.com/uhwfjv

  4. #49
    Senior Member
    Join Date
    Sep 2003
    Location
    Gorham NH
    Posts
    6,222
    An update, work is actually being done on site which is something that cannot be said for previous developers. The employment approach is definitely innovative

    https://www.mainebiz.biz/article/des...mains-on-track

Similar Threads

  1. Saddleback Sale
    By peakbagger in forum Q&A - New England
    Replies: 7
    Last Post: 01-31-2016, 07:52 PM
  2. Replies: 0
    Last Post: 08-24-2013, 05:44 PM
  3. Saddleback for sale...
    By Red Oak in forum General Backcountry
    Replies: 7
    Last Post: 12-25-2012, 08:28 PM
  4. Saddleback Mountain, 2/26/11
    By erugs in forum Maine
    Replies: 0
    Last Post: 02-28-2011, 12:32 PM
  5. Saddleback Mountain
    By erugs in forum Maine
    Replies: 0
    Last Post: 03-03-2009, 01:37 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •