MeadWestvaco buyback shows land is still hot in LowCountry

MeadWestvaco recently spent $40 million to repurchase land it sold a few years ago in Berkeley County. What's it mean? Land and development prospects are still hot, hot, hot in Lowcountry despite all the doom and gloom.

Read all about the deal at The Charleston Regional Business Journal, also check out the meaty press release.

Update October 29: The Post and Courier expands on the story today, and includes a lovely map. They also note that the $40 million prices is nearly twice the original sale price by MeadWestvaco. Doh.