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Major West Ashley subdivision goes into foreclosure - Live5News.com | Charleston, SC | News, Weather, Sports

Major West Ashley subdivision goes into foreclosure

WEST ASHLEY, SC (WCSC) -

It was a land project designed to pave the way for a bigger and better West Ashley.

But now a major subdivision has gone into foreclosure without any construction taking place.

The proposed 23-acre development, Long Savannah Plantation, was supposed to be in the area along Bees Ferry where Glenn McConnell intersects.

The plan called for the construction of about 4800 homes on 3,000 acres of land.

The plan was approved back in 2007, but a recent lawsuit filed by the previous landowners claims developers owe more than $30 million on the owner-financed note.

The foreclosure also leaves plans to extend the Glenn McConnell Parkway in jeopardy. The developers were going to pay for that as well as long-term plans for schools, shopping areas and recreational facilities.

Copyright 2012 WCSC. All rights reserved.

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