Renovation of historic Cigar Factory pause as funding evaporates

Image by South Carolina Department of Archives and HistoryImage by 20091128-cig.jpg

The company that was doing a $75 million restoration of the historic and iconic Cigar Factory on East Bay Street (map) has put the work on hold after a lending bank was seized by the FDIC.

Read more stories on this subject in our Cigar Factory topic page.The Post and Courier has the story about what's happened and what's happening at the construction site; read it here.

You can learn more about the closure of the bank, the Silverton Bank, over at The Business Insider.