From the Berkshire Eagle:
Mount's debt to be open book
By Ellen G. Lahr, Berkshire Eagle Staff
Article Last Updated: 03/17/2008 10:00:38 AM EDT
Monday, March 17
You have questions? The Mount — hopefully — has answers.
Town officials and the local business community are teaming up to host a public meeting about The Mount at 7 p.m. on Monday, March 31, at Town Hall.
The Selectmen and the Lenox Chamber of Commerce are hosting the event, which The Mount's CEO and president, Stephanie Copeland, said is intended to answer as many questions as possible.
The Mount is in debt to its creditors by more than $8.7 million, and Berkshire Bank is threatening to foreclose on the historic home of Edith Wharton. The Mount has until April 24 — a deadline that was recently extended a month — to raise $3 million toward its bank debt of $4.3 million.
"So many people have questions, and it would be good to bring everyone in," Copeland said.