Despite speculation that has run rampant since it became common knowledge that the Lee County land adjacent to the Grand Island Club on Ledo Road was for sale, there will be no new development on the land anytime soon.

But because one of South Georgia’s most successful automobile dealers — John B. Prince III — recently completed the purchase of the 7.79 acres of land, speculation has only intensified.

“There’s no story at this point,” Prince said Monday. “I bought a piece of land that was about to be forclosed on, and I got it for what I think is a good price. It’s premature to speculate about anything to do with that land, other than to say I made a business purchase.

Read more:  Albany Herald