CARTHAGE — Franklin County 4-H members toured the Saddleback Ridge wind farm off Route 2 Saturday, June 2. The development has 12 turbines. The tour started at Turbine 8, with Rebecca Howard, assistant director of government and community affairs with Patriot Renewables of Quincy, Massachusetts. She explained the development of wind turbines in Maine, the […]
saddleback
Posted insj-web
Saddleback purchase up in air
Prospects that a Boston investment firm might purchase and reopen Saddleback ski resort have dimmed, after the buyer’s request to include the Rangeley area in a tax-friendly investment zone was rebuffed by the LePage administration. In two letters to state officials this past winter, Jonathan Tower, managing partner of Arctaris Impact Fund, said the firm […]
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Posted inLewiston-Auburn, sj-web
WCSH: Saddleback buyer accused of deceit
The Australian developer said to be in the process of buying Saddleback Mountain is being sued for millions of dollars by a Chinese investor, according to a WCSH news report. According to the report, Sebastian Monsour is accused of deceit and taking advantage of an Australian visa program in a lawsuit filed in December in […]
Posted inBusiness, sj-web
New leader named for nonprofit that once hoped to buy Saddleback
RANGELEY — Eighteen months ago, it had hoped to buy Saddleback Mountain. This week, the nonprofit Saddleback Mountain Foundation announced a change in leadership and indicated it is watching the potential sale between the Berry family that owns Saddleback and the Australia-based Majella Group, which signed a purchase agreement for the resort last summer. “We have […]
Posted inBusiness, Franklin, sj-web
Saddleback buyer says deal still on table
The CEO of an Australian company planning to buy the idle Saddleback ski area said Thursday the controversial foreign investor visa program is not key to his plans to finance the deal. “The EB-5 program has got nothing to do with purchasing the property and nothing to do with getting the mountain back up and running,” said […]
Posted inBusiness, Lewiston-Auburn, Maine, News, sj-web
Correction: Saddleback ski area
The headlines on a front-page story in the Thursday, March 15, edition of the Sun Journal on Saddleback ski resort should have read: “Questions raised after prospective Saddleback buyer’s comments are aired.” The headlines should have noted that Majella is the proposed buyer of Saddleback, not an investor, and a state official did not make […]
Posted inBusiness, Maine, sj-web
Questions raised after prospective Saddleback buyer’s comments are aired
An audio tape has been released indicating the cash-strapped, prospective buyer of Saddleback only wants the resort so he can take advantage of a federal program that gives U.S. visas to rich foreign investors, prompting a Maine official Wednesday to call such a situation fraudulent if true. Maine Department of Economic and Community Development Commissioner […]
Posted inBethel, Franklin, Lewiston-Auburn, Oxford Hills, River Valley, sj-web
Merger, Gallant among area’s top 10 stories of 2017
Try describing 2017 in a concise way. We dare you. In Maine, as in the rest of the country, it was a year that started with a loud and often ugly political debate that never seemed to end. There were scandals of all kinds and tragedies almost too immense to bear. Locally, the idea to […]
Posted inFranklin, Maine, sj-web
Saddleback may sit idle for third straight year; sale not completed
The ski season kicks off this weekend at Sunday River and Sugarloaf, but Maine’s third-largest ski area – Saddleback – may sit idle for the third consecutive winter. Saddleback owners Bill and Irene Berry of Farmington announced on June 28 that they would sell the Rangeley ski area to the Australia-based Majella Group. Majella CEO […]
Posted inBusiness, Franklin, sj-web
Australian real estate developer buys Saddleback
SANDY RIVER PLANTATION — Bill Berry, former owner of Saddleback Mountain Resort, passed a symbolic ski Wednesday to Sebastian Monsour, chief executive officer the Australian-based Majella Group, the new owner. The Monsour family took a tour of the United States in 2011. They arrived in Maine and discovered Saddleback and “fell in love” with the […]