Saddleback Meeting - Page 18

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  1. #171
    thetrailboss's Avatar
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    According to LiftBlog.com, Arctaris has announced that the closing for the deal has been postponed now until January.



    Hope that is not a bad sign.
    Live, Ski, or Die!


  2. #172
    MEtoVTSkier's Avatar
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    From SnowJournal:

    The Finance Authority of Maine (FAME) was scheduled to review Saddleback’s request to participate in FAME’s commercial loan guaranty program in support of this transaction. Given the complexity of this transaction involving support from both federal and state government partners, FAME requested that the Berrys and Arctaris consider advancing this discussion from their December meeting to their January board meeting.

  3. #173
    thetrailboss's Avatar
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    Looks like things are pushing forward.....

    https://www.theirregular.com/article...oals-outlined/
    Live, Ski, or Die!


  4. #174
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    Promising!

  5. #175
    I hope this works for them, but $5 million in "donated" money is a lot to ask for... Hitting their first goal is good. Doubling that in the next 18 days seems aggressive.
    2019-2020


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  6. #176

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    I don't get the donation thing. Why does the new biz need 'donations'?

    Why didn't people donate 5 mil years ago. Possibly could have kept the place open

  7. #177
    Quote Originally Posted by NY DirtBag View Post
    I don't get the donation thing. Why does the new biz need 'donations'?

    Why didn't people donate 5 mil years ago. Possibly could have kept the place open
    Probably because no one thought this would really happen, and it is not a small amount of money. Suppose Shawnee were to say they needed 5 million to replace a lift and stay open. Even today, I doubt you would get many people donating 5 million towards that.
    lovin life,

    Bob

  8. #178
    thetrailboss's Avatar
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    Live, Ski, or Die!


  9. #179
    Quote Originally Posted by thetrailboss View Post
    Sounds like a smaller scale Balsams saga all over again.
    Ski season is always too short

  10. #180
    MEtoVTSkier's Avatar
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    Quote Originally Posted by thetrailboss View Post
    Same article that was posted on the 15th. Reads more like it is on FAME's end, wanting more info, than anything. Should be interesting if they reach their fundraising goal by the end of January...

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