Some Lowcountry South Carolina churches cash in on Mount Pleasant land prices

For a number of churches in this fast-growing town, soaring land prices have been a godsend.

Some have inked multimillion-dollar sales of land they bought inexpensively many years ago, boosting church finances and in some cases paying for other initiatives. Development-weary residents, however, might not appreciate new homes popping up on previously tax-exempt property. In at least one community, residents say they feel betrayed.

Parcels once owned by churches are now home to a parking lot for the future Lucy Beckham High School, a cellphone store at Towne Centre, and the Tidal Walk single-family home development.

Read it all from the local paper.

Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, Economy, Housing/Real Estate Market, Parish Ministry, Religion & Culture, Stewardship, Theology