Nov
24

USC to Sell the Wedge Plantation

By

The University of South Carolina agreed Friday to sell a 1,500-acre Lowcountry coastal plantation for the $4 million asking price.

The buyer’s name was not released immediately. The buyer is still inspecting the property, known as the Wedge Plantation, USC trustees chairman Gene Warr said.

USC has leased the nearly 200-year-old plantation founded by rice planter William Lucas for years after the school stopped using it for insect research. Plantation renters have included hunters and filmmakers shooting a Kevin Costner movie.

The school asked for at least $4 million when the plantation was put out for sale again in May. USC paid about $1 million for the property in the 1970s.

READ MORE HERE

Categories : Charleston, Georgetown

Comments are closed.