Callaway Gardens land sold for $8 million

Callaway Gardens (Source: Tony Crescibene@ Flickr under a Creative Commons License)
Callaway Gardens (Source: Tony Crescibene@ Flickr under a Creative Commons License)

PINE MOUNTAIN, GA (WTVM) - Callaway Gardens has sold 4,500 acres to a top official at Waffle House.

The property was sold for $8 million to Joe Rodgers Junior, who is CEO of Waffle House. Callaway is still trying to sell 2,500 more acres.

The sale comes as a result of heavy debt from declining attendance and projects that have drained revenues in past years.

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