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Thu May 6, 2010
Orton Plantation Sold to Billionaire
By Catherine M. Welch
Wilmington, NC – A portion of Orton Plantation and Gardens has been sold to a descendent of the plantation's original owners.
Billionaire hedge fund manager Louis Moore Bacon has bought the historic rice plantation and gardens from the Lawrence Sprunt family.
The Sprunts have owned Orton Plantation for 126 years, and in a released statement say David Sprunt will continue to manage the property.
Renovations will close down the gardens starting June 1st.
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