Anderson’s Neck Loblolly Pine Plantation & The Great Rececession
Anderson’s Neck eventually fell into the hands of the Chesapeake Corporation and became a loblolly pine plantation for the nearby mill. Over time it changed hands to John Hancock Insurance as part of their Timber Investment Management Operation. The land was auctioned off when the timber plantation was ready to be thinned to a consortium of investors known as Lynchburg Land Investors. The pine was partially cut and a massive half mile long walkway crossing the 100 acre plus salt marsh was installed providing convenient river access.
However, as the Great Recession set in, both land and timber values began to decline. Lynchburg Land Investors found themselves the owners of a wonderful piece of historic property, but were unable to complete their intended goals for the land.