Wednesday, May 14, 2008

May 13 Important Update

The major creditors of The Mount have agreed to grant a six-month extension (until October 31) of the foreclosure deadline, allowing us to fully plan for the 2008 summer season. "The agreement of Berkshire Bank and our other major creditors to grant the six-month extension represents a significant milestone in our determined fight to resolve our problems and establish The Mount on responsible financial footings going forward. This extension allows us to capitalize on the Berkshires' peak tourist months to generate much needed operating revenues while at the same time provided a realistic time frame to achieve our $3 million fundraising goal....We have a considerable way to go and do not underestimate the enormity of the challenge." (Mount Trustee, Gordon Travers).
We indeed continue to be grateful for the interest and support shown for The Mount and look forward to an exciting and highly successful season!

The Staff and Volunteers at The Mount