Photo: clipart.com
AUGUSTA, Maine (AP) The Finance Authority of Maine’s board is meeting to take up some of the final measures necessary for a Boston investment group to complete the purchase of Saddleback Mountain.
The board on Monday will consider Arctaris Action Fund’s request for $7.5 million in commercial loan insurance on a $13.4 million loan, along with a separate request for a $1 million loan.
The loans will help Arctaris purchase the ski resort and new equipment, including chairlifts.
4 hours ago in Local
Most of the state is under moderate fire danger.
5 hours ago in Local
Officers are calling the incidents "crimes of opportunity," as unlocked cars or visible belongings are easy targets.
12 hours ago in Local
48-year-old David Harris was arrested by police this morning on multiple charges, including operating without a license.
1 day ago in Local
Investigators from the State Fire Marshal’s Office were called to the scene of a deadly house fire in Hiram. Crews…
2 days ago in Local
Gov. Janet Mills has vetoed a first-in-the-nation moratorium on new data centers in Maine.