- Associated Press - Wednesday, November 2, 2016

RANGELEY, Maine (AP) - 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 purchase 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.

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