From the New York Times
Wharton's House Wins a Reprieve
By CHARLES McGRATH
Published: April 24, 2008
The Mount, Edith Wharton’s house in Lenox, Mass., which has been in financial trouble for months, has been given another reprieve. In February a local bank that had been lending money to the Edith Wharton Restoration, the organization that owns and maintains the house, to cover operating expenses, threatened to begin foreclosure unless the Mount raised $3 million by March 24. The deadline was later extended to April 24, and Hannah Burns, one of the trustees, said on Wednesday that it had been pushed back yet another month, to May 24, which means that the house will now be able to open for visitors as scheduled on May 9. So far more than $800,000 of the needed sum has been raised.