Ski area projected to open in mid December under new ownership.
Sunday, November 1, 2015, NewEnglandSkiIndustry.com
In a Friday night Facebook post, Lost Valley announced it had been sold to Scott Shanaman.
"It's Official!! Lost Valley now has a new owner. Scott Shanaman. Thanks everyone for your support. Lost Valley will continue to be here for future generations!!! Welcome Scott!!!"
NewEnglandSkiIndustry.com has confirmed the new owner is Scott Shanaman, President of Aerial NDT Inspection, Inc., a ski lift testing and maintenance company in Windham, New Hampshire.
Located in Auburn, Maine, Lost Valley has been in operation since the 1961-62 season. The 240 vertical foot ski area features two chairlifts, snowmaking, and night skiing. The current ownership group took control of the area in 2004 and has incurred ten consecutive seasons of losses.
Following the 2013-14 season, Lost Valley's ownership announced ski operations were in jeopardy. A fundraiser was held during the 2014 off season, generating enough funds to keep the area operational in 2014-15.