RANGELEY, Maine — A coalition of local businesses and ski enthusiasts is planning to purchase the Saddleback Mountain ski area is holding a town meeting in Rangeley.
The Saddleback Mountain Foundation plans to make a presentation and then answer questions Wednesday evening at Rangeley High School.
The group wants to buy the ski area from Saddleback’s owners for $6 million, plus future land sale royalties. But first it must raise $4 million. That includes $2.2 million for a down payment and $1.8 million for operating costs.
Saddleback’s management has wished the group well, but it’s also working with other potential buyers. The resort was closed last season.