From the Berkshire Eagle
October climax set for The Mount
By Benning W. De La Mater, Berkshire Eagle Staff
Article Last Updated: 05/14/2008 09:44:51 AM EDT
Wednesday, May 14
LENOX — An agreement between The Mount and its creditors has staved off foreclosure and a May 31 deadline that would have forced Edith Wharton Restoration Inc. to raise $3 million by the end of the month.
Instead, the historic home of the Gilded Age writer will be open to the public all summer without a threat of foreclosure by Berkshire Bank. The new fundraising deadline has been set for Oct. 31.
Susan Wissler, The Mount's acting CEO and president, said the spirits of the staff were high after they received word of the reprieve Monday. And if opening weekend was any barometer (The Mount opened on Friday), then Wharton's fans are pulling for the home to make it through the financial crisis: Wissler said attendance was up 50 percent from average opening weekends and nearly $8,000 in revenue was generated during the first three days.
"We hope that was a strong harbinger of what's to come," Wissler said. "A lot of the customers were talking about our situation. We had a couple fly in from Seattle just to see The Mount."