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  1. #151
    Join Date
    Oct 2009
    Location
    Maine Coast
    Posts
    2,732
    The family has a ton of sunk costs in the main lodge and all the unsold condos they still own. Given the costs to reopen the ski area after being shuttered for so long, that part has almost no value. Finding a buyer to take the risk of a substantial investment on that side without giving away the condos and the lodge has not been possible. Longest drive from population centers of any ski area in NE makes for a real tough sell.

    Berry family response to the above letter. Whole thing has been a drawn out soap opera.
    https://wgme.com/news/local/as-negot...Rvfe2omE7zFVTM

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  2. #152
    Join Date
    Sep 2012
    Posts
    235
    That sucks...woman I work with bought a cabin up there and everyone seemed to be jazzed up that things were heading to an opening this winter. Wishful thinking

  3. #153
    Join Date
    Apr 2016
    Location
    Exiled from Maine
    Posts
    277
    https://www.pressherald.com/2019/09/...its-roadblock/

    A little more background. This perhaps an occasion that I'd root for Vail to send in the drones for a takeover.

  4. #154
    Join Date
    Dec 2018
    Location
    DownEast
    Posts
    308
    Quote Originally Posted by Abol98 View Post
    This perhaps an occasion that I'd root for Vail to send in the drones for a takeover.
    I'd think Alterra would be the best chance for Saddleback to succeed with the synergy of the the 'Loaf and Sunday River on Ikon. If Saddleback were on the program, Ikonic Maine weekend travelers may say what the hell and give Saddleback a try.

  5. #155
    Join Date
    Mar 2015
    Posts
    194
    I hope that one day we will be skiing at Saddleback again. This is one time I hope that Vail (or Altera) saves the day (or a investor that can get it done). Saddleback be operational again is so important to the region.

  6. #156
    Join Date
    Sep 2010
    Posts
    1,313
    Hmm, I wonder how much the condos/cabins that they hold would go for at the moment? That's a really nice area regardless of whether the mountain opens. The ones on Zillow aren't super cheap, but they seem a bit newer than what I remember staying at when I was there.

  7. #157
    Join Date
    Oct 2009
    Location
    Maine Coast
    Posts
    2,732
    Saddleback does not fit Vail's model for making money.

    Altera is putting most of their extra money into Big Sky and Sugarloaf and Sunday River lifts are limping along. Buying Saddleback would just drain skier visits from the other mountains that they are currently funding at a low level.

    Pretty much left with the dreamers to buy the mountain. Always has been a money losing venture and hard to see any plan changing that.

    Berry's are holding back on selling their condos and others are holding on hoping the mountain comes back so they can get some quarters on their investment and not dimes. Nice place, but down by the lake and closer to town is a lot nicer than way up the road.

  8. #158
    Join Date
    Dec 2018
    Location
    DownEast
    Posts
    308
    Quote Originally Posted by cat in january View Post

    Altera is putting most of their extra money into Big Sky and Sugarloaf and Sunday River lifts are limping along. Buying Saddleback would just drain skier visits from the other mountains that they are currently funding at a low level.
    My understanding is that Alterra just has a partnership with Boyne who owns and operates Big Sky, Sugarloaf, and Sunday River. Boyne is on the hook for any maintenance and updates. Alterra has no real skin in the game at any of those resorts other than reinbursing them for skier visits. Which frees Alterra up to buy Saddleback outright and join the party in Maine.

    Don't suppose it matters much as my Alterra ploy is firmly tongue in cheek anyways. See you in the parking lot for skin laps in Casablanca!

  9. #159
    Join Date
    Oct 2003
    Posts
    3,647
    Agreement reached on sale of Saddleback

    After four years of uncertainty, the shuttered ski resort is expected to reopen under the ownership of a Boston investment fund.

    https://www.sunjournal.com/2019/11/0...EPWnG19I8sWwpM

    https://bangordailynews.com/2019/11/...box=1573234504
    Last edited by DaveTV; 11-11-2019 at 01:02 PM.







  10. #160
    Join Date
    Nov 2019
    Posts
    9
    I've always wanted to ski there! Hopefully it works out

  11. #161
    Join Date
    Oct 2003
    Posts
    3,647
    New owners hoping to make Saddleback ‘one of the top resorts in the East’

    https://www.skijournal.com/new-owner...s-in-the-east/

    “There’s this Saddleback diaspora that is spread out all over the country,” he said. “People are passionate about their memories of their time at the mountain and have been heartbroken that they have lost the opportunity for their kids or grandkids to be part of that culture for the last four years. There’s definitely a sense of responsibly in understanding that passion and that sense of community and that, when we bring the mountain back, we do everything we can to build on that culture and lifestyle and make sure that its something that will be around for generations to come.
    “This is going to be, legitimately, one of the top resorts in the East when we’re done.”
    The wait is over. Let the anticipation begin.







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