Dec
02

Developer of Carolina Park in Mount Pleasant, SC needs $600,000….Soon

By
– The Post and Courier

The development pact between Mount Pleasant and the company overseeing the massive Carolina Park project could be jeopardized if $600,000 in payments are not made this month.

The Dec. 21 deadline pits the cash-strapped developer against the owner of a loan secured by most of the vacant land within the 1,700-acre master-planned, mixed-use community. During a court hearing Tuesday, attorney Trey Thompson characterized the two sides as “warring factions.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.postandcourier.com/news/2009/dec/02/deal-in-trouble/
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    Categories : Charleston

    Comments

    1. Richard says:

      I drove through Carolina Park today. Wow – it's creepy.