The company says they need the money to replace 51-year-old chair lift, the main access from the lodge to the top of the mountain.
"In order for Saddleback to be sustainable for the long-term, we've decided the lift must be replaced," said owner Mark Berry. "For the last several months, we've been actively seeking the necessary financing to replace the chairlift, however time is running out. We only have a few weeks to make this work. In order to open this winter, we need to order the new lift by early August."