RANGELEY, Maine (AP) — A public relations company representing Saddleback Mountain ski area says the ski mountain is being sold after being shuttered for the past two winter seasons.

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The owners, Bill and Irene Berry, are expected to hold a news conference Wednesday to announce details.

The Berrys announced in July 2015 that the resort would not reopen without $3 million to replace the aging Rangeley Double Chairlift.

Since then the Berrys have had little to say as rumors swirled about the resort's future.

Last fall, a coalition of local businesses and ski enthusiasts announced they're created the Saddleback Mountain Foundation with a goal of reopening the ski mountain.