<?xml version="1.0"?>
<rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/">
<channel>
<title>Luxist - Comments for The Mount, Edith Wharton's Classic Home, Is Fighting Foreclosure</title>
<link>http://www.luxist.com/2008/03/26/the-mount-edith-whartons-classic-home-is-fighting-foreclosure/</link>
<description>Luxist Comments for The Mount, Edith Wharton's Classic Home, Is Fighting Foreclosure</description>
<image>
<url>http://www.luxist.com/media/feedlogo.gif</url>
<title>Luxist</title>
<link>http://www.luxist.com</link>
</image>
<language>en-us</language>
<copyright>Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only.</copyright>
<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Comments on The Mount, Edith Wharton's Classic Home, Is Fighting Foreclosure]]></title><link>http://www.luxist.com/2008/03/26/the-mount-edith-whartons-classic-home-is-fighting-foreclosure/</link><guid isPermaLink="true">http://www.luxist.com/2008/03/26/the-mount-edith-whartons-classic-home-is-fighting-foreclosure/</guid><description><![CDATA[The news of the Mount's financial crisis reaching the point of a possible foreclosure is just jaw dropping. Although the rapid pace which the estate has been restored, promoted, and somewhat overreaching expendatures have been made (like the library collection) should've been red flags all along. Add to that the little know private arrangements of paying for some of the leaders housing in NYC and other overly handsome financial compensation it only makes it worse.<br><br>I've been to The Mount every year at least once for the last 9 years - and a couple times before - it is a treasure with its grand architecture, perfect setting, relaxed presentation, and historical significance. I'd lament any loss of the property from being open to the public to just possibly being a private residence again.<br><br>The leaders however do need to rethink their approach in how they raise money, become vastly selective spending/focus, and cut back on trying to do everything "now". ]]></description><dc:creator><![CDATA[Spectacular Bid]]></dc:creator><pubDate>Apr 2nd 2008 10:05AM</pubDate></item></channel></rss>