Foundation that tried to buy Saddleback is still meeting in case deal crumbles
The group hopes to be in position to purchase the ski area if the Majella Group doesn't.
The foundation that once raised money to buy the idle Saddleback ski area is working to position itself in the event a deal with the current purchaser falls through.
The Saddleback Mountain Foundation’s board said Monday that Wolfe Tone has replaced Peter Stein, who stepped down recently.
The announcement comes after WCSH-TV revealed an audiotape in which an Australian businessman who plans to buy the mountain is heard saying he “wouldn’t lose any sleep” if it remains closed.
Sebastian Monsour, group CEO for the Majella Group, has refuted the report, which suggested he was more focused on using the mountain as a pathway to permanent residency through the EB-5 visa program.
The Saddleback Mountain Foundation is not actively engaged in negotiations with the mountain’s owner. But the foundation continues to meet regularly.
https://www.pressherald.com/2018/03/19/foundation-that-tried-to-buy-saddleback-is-still-meeting/
Mentions
States
- Maine
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
