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  • "A newly formed nonprofit, Saddleback Foundation Inc., is seeking a loan guarantee from the United States Department of Agriculture's Community Facilities Program to cover a $10 million bank loan to assume a portion of Saddleback, Inc. .... 
  • "The new nonprofit needs the loan to go forward as it assumes governance of the trails, lifts, lodge, equipment garage and a 723-acre portion of the ski resort located in Sandy River Plantation. Saddleback Inc. will maintain ownership of the resort. The $10 million loan is intended to pay off the existing bank loan, replace the Rangeley double chairlift with a quad lift and allow some funds for operation"


So, maybe we'll get that new lift after all.