Saving The Mount
By Clarence Fanto, Special to The Eagle
Article Launched: 11/09/2008 01:00:00 AM EST
Sunday, November 09
She may turn out to be the savior of The Mount, the former home of novelist Edith Wharton that has been threatened with foreclosure since last winter over $9 million in debts.
Susan Wissler is seeking a solid financial footing by expanding the mission of Edith Wharton Restoration Inc., which owns the estate built in 1902. Wharton lived there until 1911.
That includes creating a new "Wharton Center for the Written Word," that will offer literary conferences, workshops and movies to the public, opening a terrace "cafe" to the public evenings in summer, and keeping the house open for tours on weekends through December.
Wissler was named interim executive director on March 29, after longtime chief Stephanie Copeland declined a Board of Trustees offer of a lesser position. In August, "interim" was removed from Wissler's title.
Although a six-month lifeline floated by The Mount's creditors, led by Berkshire Bank, expired on Oct. 31, "the threat of foreclosure has been forestalled as a result of the steady progress we've made this summer," Wissler said this past week. "Our banks and creditors have concluded that it makes the most sense to give us additional time to work out long-term restructuring plans.
Read the rest of the article at the Berkshire Eagle