MeadWestvaco recently spent $40 million to repurchase land it sold a few years ago in Berkeley County. What's it mean? Land and development prospects are still hot, hot, hot in Lowcountry despite all the doom and gloom.
Update October 29: The Post and Courier expands on the story today, and includes a lovely map. They also note that the $40 million prices is nearly twice the original sale price by MeadWestvaco. Doh.