RANGELEY, Maine - The Saddleback Mountain ski area may stay closed for a third consecutive winter, despite promises of a sale that was promised to be completed by the end of the summer.
Saddleback owners Bill and Irene Berry announced on June 28 they were selling the Rangeley-area resort to Australian-based Majella Group. The Portland Press Herald reports the sale has not been completed, and Majella said Thursday they are continuing work to finalize the sale.

RANGELEY, Maine - Skiers are awaiting word on details of a potential agreement to sell Saddleback ski mountain.

Saddleback announced Friday that the family that owns the resort reached an agreement with a buyer, and was working out the details. The buyer wasn't identified.

General Manager Chris Farmer said there were no updates Tuesday.

The resort has held out hope of opening later this season, but gave season pass holders the option of getting a credit bonus, converting the season pass into a gift card or obtaining a full refund.

Frustrated season ski pass holders may learn this week whether Saddeback Mountain will be able to open for the coming season, according to the resort's general manager.

RANGELEY, Maine -  The popular Saddleback ski area says it has fallen short on fundraising for a new chairlift but that there may be a buyer to save the upcoming season.

Owner Mark Berry said previously that the resort would close if it could not replace a 51-year-old double chairlift with a faster, modern four-person lift.

The resort used Facebook to report that fundraising fell short but said there has been "significant interest'' by several parties in purchasing of the resort.

RANGELEY, Maine - Owners of the Saddleback Mountain ski area in Rangeley say unless they can get $3 million in financing needed to replace its aging Rangeley Double Chair, the family-owned resort will not open for the 2015-2016 ski season.

The 51-year-old double chair lift serves as the main access from the base lodge to the top of Saddleback Mountain. Owner Mark Berry says a new four-person lift will more than double the number of skiers per hour that can transported up the mountain.