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Sugarloaf Mountain company history timeline

1950

In 1950, Amos Winter, a 49 year old Kingfield general store manager, his brother Earland, Phineas Sprague from Bangor, and groups from Colby, Bowdoin, UMO and Bates College got together and decided to scout Sugarloaf.

1951

Founded in 1951, the Sugarloaf Ski Club is the oldest club of its kind in Maine.

1955

1955: The for-profit Sugarloaf Mountain Corp. is formed.

1964

1964: Sugarloaf starts to draw skiers from throughout New England with a 9,000-foot-long gondola to the summit.

1966

The following year installation began and in 1966 the summit terminal and lodge were completed.

1969

Consequently, the Bucksaw Chair and intermediate terrain around it was developed in 1969.

1974

1974: After a winter with little snow, Sugarloaf installs the world’s highest snowmaking system.

1978

In 1978, to ensure good snow conditions, a major investment was made in the best snow grooming equipment available at the time, Kassbohrer Piston Bullies.

1981

Also in 1981 The Timberwind Double chair was installed starting below the Sugarloaf Inn

Snowmaking coverage was doubled to 110 acres in 1981.

1982

In the fall of 1982, an agreement was signed between Sugarloaf Mountain Corporation, Peter Webber Enterprises, the Town of Carrabassett Valley and Robert Trent Jones, Jr. for the construction of a championship golf course.

1985

In 1985, despite poor winter snowfall and a resulting lack of winter business, Sugarloaf experienced its greatest real estate sales year ever.

1987

1987: The company’s reorganization plan is approved by April, and by June the company emerges from bankruptcy.

1988

In 1988, members of the Board invested an additional $2,400,000 in the company.

1992

Also in 1992, with the help of financing provided by the Town of Carrabassett Valley, snowmaking was expanded to cover 90% of the mountain.

1994

The 1994-95 season began late, ended early, and was adversely impacted by a prolonged thaw in mid January.

2008

Summer 2008, the snowmaking system saw all pumps replaced with the addition of 1 and the snowmaking compressors were all refurbished and 50 new HKD Low E snowguns and 25 new Boyne Low E fan guns were added.

2010

In the winter of 2010 Brackett Basin opened

2012

For the 2012 Season $1 million was spent on the snowmaking system, more gladed terrain was added to Brackett Basin and also the golf course got a new Irrigation system

2016

In 2016 Sugarloaf was sold to Och-Ziff Capital Management

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Sugarloaf Mountain may also be known as or be related to Sugarloaf, Sugarloaf Mountain, Sugarloaf Mountain Corporation and Sugarloaf USA.