Monday, November 25, 2024
HomeSkiFOR SALE: Historic Maine Ski Space ($27 Million)

FOR SALE: Historic Maine Ski Space ($27 Million)

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Greenville, Maine — After a failed try and redevelop Massive Moose Mountain right into a four-season vacation spot ski resort, it’s now formally again available on the market.

Priced at $27 million, Massive Moose Mountain (previously often known as Massive Squaw Mountain) has a powerful 1700-foot vertical drop and two operational lifts. The sale consists of 3050 acres of extra land, together with Fitzgerald Farm, Louis Peak, and over 4 miles of shoreline entry on Mountain View Pond. Finally, the 4250-acre providing makes this a four-season vacation spot ski resort if the suitable developer has money and time.

The ski space has had a tumultuous historical past. First opened again in December 1963, many grew to like Massive Moose for its slim trails and unbelievable views. Numerous possession teams got here and went earlier than being bought by James Canfalone in 1995. He didn’t correctly put money into the mountain and refused to vary the title of Massive Squaw. The higher mountain chairlift suffered a failure in 2004, ensuing within the carry closing for good.

Slightly than fixing the problems, Confalone allegedly harvested timber to repay tens of millions in loans. This unlawful timber harvesting and failure to keep up the property brought about a lawsuit from the state of Maine, which may see Confalone pay greater than $4.5 million in damages. As well as, James Confalone has refused to vary the title of the mountain, regardless of many of the nation now deeming the phrase squaw as offensive. Nevertheless, the non-profit has begun referring to the ski space as Massive Moose.

After being closed for a couple of years, the non-profit Mates of the Mountain purchased a lease to function the ski space in 2012. In recent times, the Mates of the Mountain have been revitalizing the ski space, together with refurbishing the decrease mountain triple chairlift and shopping for a snowcat to revive entry to the summit. Work has continued this offseason on restoring the Higher Mountain path community. As well as, the Moosehead Out of doors Alliance has been rising a mountain biking community.

For years, developer Perry Wiliams wished to revitalize the property. Nevertheless, he formally deserted his plans earlier this 12 months. Which means the Maine ski space is once more being provided on the market by proprietor James Confalone.

This information doesn’t alter Massive Moose Mountain’s operational technique, as they plan to open for the 2024-25 season. Mates of the Mountain’s contract is lively via December 2027.

You possibly can view the itemizing right here. Extra pictures of the property are under.

Picture/Video Credit: The Folsom Realty Group, Mates Of The Mountain

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