Old South Carriage Co. pays $2.2 million for a Pinckney Street lot

The owners of the Planters Inn sold a 0.15-acre lot at 38 Pinckney St. in downtown Charleston to David Compton, owner of Old South Carriage Co., for $2.2 million. A company spokesperson says it will be additional employee parking near the stables at 14 Anson St.

Why this matters here

Downtown operators are paying real money just to park the people who work for them. That is worth knowing if you run anything with a crew on the peninsula, because parking is now a line item and a recruiting pitch.