BANGOR DAILY NEWS • November 21, 2022
An ambitious project to redevelop a Moosehead Lake region ski resort crumbled because the developer’s financing collapsed, according to the property owner. The development team working to revive a partially defunct Big Moose Mountain ski resort in Piscataquis County told Eastern Maine Development Corp. leaders Wednesday they will halt the $126.3 million project. The project’s demise strikes down plans to rejuvenate the region with hundreds of jobs and a significant economic boost. A confluence of events — including skyrocketing material costs, a shifting investment climate, challenges from a local residents group and public hearing delays — led the resort team to step away, according to regional development officials.