By the end of 2019, Point Lookout will be closed.

A representative of the resort owners told Bangor Daily News this week that continuing to operate the business isn't viable for a number of reasons, including its sprawling layout and impending large capital investments such as replacing roofs and boilers.

Point Lookout was recently purchased by Deep Creek Grazing Association Inc., of which the principals are David and Tami Hirschfeld. Olympia Hotel Management announced March 21 it would assume management of the facility.

The March purchase was not the first attempt by the Hirschfelds to gain ownership of the property.

In April 2018, the couple filed a complaint in Waldo County District Court claiming that then-owner of Point Lookout, Athena Point Lookout LLC, a subsidiary of athenahealth, reneged on a promise to sell.

The Hirschfelds, then of Choteau, Montana, through their attorney, Dana Strout of Rockport, alleged in court documents that they negotiated for months with Athena's agent before reaching an agreement early in April 2018 to buy the hilltop resort complex, according to Journal archives.

The couple, at the time, made an offer of $7 million, according to the complaint, and the parties signed a letter of intent April 5, 2018, for the sale of four properties, including the 387-acre Northport parcel that is home to the conference center and resort, along with two smaller lots on the water side of Route 1 in Northport and 4.3 acres in Lincolnville.

The same properties were obtained by Deep Creek Grazing, according to court documents. No additional information about the sale price or court action has been released.

Point Lookout, which includes a 20,000-square-foot conference center, an 18,000-square-foot mountaintop executive retreat, 106 log cabins, hiking trails, athletic fields and courts, a farm, a bowling alley and a private beach, was built by MBNA starting in 1997. Athenahealth, through Athena Point Lookout, paid $7.7 million for the complex in 2011.

The property in 2018 was taxed more than $200,000 by the town of Northport, according to online tax records.

The representative of the owners told Bangor Daily News is it unclear what will happen with the property long-term.