1,200 acres of SC coastal property bought for preservation

COLUMBIA, S.C. (AP) — An anonymous buyer has purchased 1,200 acres of prime coastal property near Pawleys Island to preserve land that a University of South Carolina foundation had marketed for development.

The State newspaper reports (http://bit.ly/1CFbMiS ) that a limited liability corporation named PG Preservation bought the property known as the Prince George Tract on Friday.

Spokeswoman Cheryl Smithem says the buyer doesn’t want to be named. She described the buyer as a “conservation-minded” person who wants to preserve the property. She did not disclose the price.

The land is one of the last remaining large pieces of undeveloped property on the east side of U.S. 17 between Myrtle Beach and Georgetown.

The USC Development Foundation drew fire from environmentalists in 2013 when it said it would sell the property.

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Information from: The State, http://www.thestate.com