From the December 1st Wilmington Star-News.
Big house, tourist spot with lots of grounds bought for $45 million.
That would be Orton Plantation, near Wilmington which was bought by billionaire hedge-fund trader Louis Moore Bacon who has not told his plans for it. He currently lives in London, but was born in Raleigh and has family in the Wilmington.
He is also a direct descendant of Roger Moore who built Orton in 1725.
The property was bought from the family of Laurence Sprunt who have owned it since 1884. The Sprunt family is also a notable group who have had ties with the Wilmington area for two centuries.
The property includes 8,300 acres along with the plantation house.
The popular tourist site, especially its magnificent gardens, has been closed for renovation since June.
Bacon is listed by Forbes as the 238th-richest man in America with $1.7 billion and has a history of buying natural lands and preserving them.
Let's hope he continues this mode with Orton. It would be a shame if people couldn't visit the place anymore.
Hoping for the Best. --RoadDog
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