Live Breaking News & Updates on Cei Capital Management

By Staff
CEI Capital Management LLC has announced $1.49 million in Maine New Markets Capital Investment Tax Credit financing to support the ongoing revitalization of Saddleback Mountain Ski Resort.
The tax credit investment will be managed by Arctaris Impact Investors, and continue redevelopment of the resort expected to add 200 part- and full-time jobs and boost the economy of the Rangeley area, CEI said in a news release.
Boston-based Arctaris bought the ski area, which closed in 2015, last year and reopened it for skiing in December. Since 2019, Arctaris and its partners have invested more than $26 million in revitalizing the resort, but a significant financing gap remained, potentially halting the momentum of redevelopment, the release said. ....

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