Callaway Gardens has sold another 2,560 acres of land that the chairman says puts the Pine Mountain resort on sound financial footing.
Chairman Edward Callaway said the forested land was sold to Atlanta real estate broker Brad Smith for $4.63 million. Smith told the Columbus Ledger-Enquirer that he plans to use it for recreation. The deal completes Callaway Gardens' strategy of selling off large pieces of land to pay down a debt that had grown to more than $44 million.
The sales have slashed the land holdings from 13,000 acres to about 6,000. But Edward Callaway, who's the grandson of the founders, says the attraction now has its head well above water and attendance is picking up.
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Saturday, May 25 2013 5:03 PM EDT2013-05-25 21:03:38 GMT
Three people remain at an Atlanta hospital a day after they were injured aboard a hotel shuttle bus that crashed with a tractor-trailer near the city's airport.
Three people remain at an Atlanta hospital a day after they were injured aboard a hotel shuttle bus that crashed with a tractor-trailer near the city's airport.
Saturday, May 25 2013 4:19 PM EDT2013-05-25 20:19:38 GMT
Georgia stands to lose $1.8 million in funding because state officials refuse to participate in a federal survey that asks high school and middle school students about their sexual history.
Georgia stands to lose $1.8 million in funding because state officials refuse to participate in a federal survey that asks high school and middle school students about their sexual history.
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