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Maine approves financing for rehab of Moosehead Lake resort

Maine approves financing for rehab of Moosehead Lake resort
April 20, 2021 GMT
AUGUSTA, Maine (AP) A Maine authority on Tuesday announced it has approved tens of millions in bond financing to allow a nonprofit to rehabilitate a former ski resort in a rural part of the state.
The Finance Authority of Maine’s decision makes possible up to $135 million for the developer to rehabilitate the resort, which is located in Big Moose Township in the Moosehead Lake area. The developer is Provident Resources Group Inc. of Louisiana, the Portland Press Herald reported.
Provident is expected to make improvements including the development of a base lodge and conference center. It’s also expected to make improvements to the trail system and ski area among other rehabilitation work. ....

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Maine approves financing for rehab of Moosehead Lake resort

Maine approves financing for rehab of Moosehead Lake resort
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$135M bond issue for Moosehead ski area set for FAME public hearing

An application for bonds that would raise $135 million to develop a ski resort on Moosehead Lake will go before a Finance Authority of Maine public hearing Monday.
Provident Group-Moosehead Lake L3C plans the resort for Big Moose Township, which is in the unorganized territory, about six miles north of Greenville, at the site of a once-thriving resort now run by a nonprofit as a small ski area. The L3C is the development team of Provident Resources Group, of Baton Rouge, La., in partnership with Big Lake Development LLC and Treadwell Franklin Inc., headed by Perry Williams, who lives in Louisiana and Spruce Head. ....

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