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State approves $135 million deal to rehab Moosehead Lake resort


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The Finance Authority of Maine said Tuesday that it has approved up to $135 million in bond financing for a nonprofit developer to acquire and rehabilitate a former ski resort in Piscataquis County’s Big Moose Township.
FAME, a quasi-independent state agency, said it determined the project would make a significant contribution to the economic growth of the state by investing millions of dollars into construction of the facility and significantly increasing employment in the region. The project is near Greenville on the site of a former ski resort whose name contained a slur for Native American women.
FAME said the project’s developer, Louisiana-based nonprofit Provident Resources Group Inc., will make a wide variety of improvements to the site, including “chairlift, surface lifts, base lodge and conference center with a connecting restaurant/pub, snowmaking system, Zip Tour system, hotel and restaurant, marina, trail system improvements, observatory ....

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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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