RANGELEY, Maine (AP) A Boston investment company plans to reopen the shuttered Saddleback ski area, but not until next season.

The Berry family that owns Saddleback announced Thursday that it reached an agreement this week to sell the resort to Arctaris Impact Fund.

Andy Shepard, who will be Saddleback’s new general manager, tells the Portland Press Herald that Arctaris plans to reopen sometime between Thanksgiving and Christmas of 2020.

That’ll give the new owners time to make improvements, including replacing the aging Rangeley Double chairlift with a modern quad lift.

Saddleback was the third-largest ski resort in Maine when it was open.

The Berry family abruptly closed the resort after the 2014-15 season, citing the need for costly capital improvements. The family said it sought a buyer with the resources to make upgrades.