The Ebb & Flow

Angel Oak Preserve Gets Deadline Extension Until November 21

DSCN2000The Lowcountry Open Land Trust got word on Thursday that it has received an extension to raised the $1.2 million needed to purchase the 17 acres surrounding the Angel Oak tree on Johns Island, SC. The organization now has until November 21 to obtain the funding.

According to a Post and Courier article, "Elizabeth Hagood said the extension also gives the trust time to possibly receive a grant from the S.C. Conservation Bank. The trust has applied for money, she said, but the bank’s board can’t consider applications until its next meeting on Nov. 6."

"The land that the trust is trying to buy is part of a 34-acre parcel that was going to be developed with multifamily homes and businesses, but it fell into foreclosure during the economic downturn. The other 17 acres still are zoned for development. But, Hagood said, her group has begun discussing with a developer the possibility of buying that parcel as well. That would further ensure the tree’s health, she said."

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