Saving mountains

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Grandfather Mountain
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From the Web…

Grandfather Mountain moved one step closer to becoming a state park when the Council of State on Tuesday approved North Carolina’s purchase of a large chunk of the property. That’s a win for the state and the Morton family, which will continue to operate its popular tourist attraction on the mountain through a private, nonprofit organization.

In Surry County, the Piedmont Land Conservancy announced last week that it has bought a second tract on Fisher’s Peak. Stunning views have been preserved, as well as flora and fauna. The peak is home to bears, as well as mountain laurel, rare grasses and chestnut trees.

Saving mountains.

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Reynolds Plantation developer acquires N.C. golf community – The Business Journal of the Greater Triad Area:

News from the Web

Greensboro, Ga.-based Reynolds Signature Communities, a subsidiary of Linger Longer Communities LLC, said in a news release late Tuesday it has acquired Laurelmor, a 6,200-acre master-planned golf and equestrian community west of Blowing Rock, N.C. A purchase price was not released.

According to published reports, Ginn Development Co., the former owners of Laurelmor, nearly lost the community to foreclosure earlier this year when it failed to make principal and interest payments on a $675 million credit facility on the development and other properties.

The sale is part of an agreement with Ginn Development’s lenders, including Credit Suisse, according to a report in the Winston Salem Journal.

Reynolds Plantation developer acquires N.C. golf community – The Business Journal of the Greater Triad Area:.