Cumberland Inlet appears to have a new owner after a settlement between Jacoby Development and other entities was announced. (Michael Lewis Aerial Photography)
Developer with colorful past to acquire Cumberland Inlet
Wes Wolfe
A developer known for big projects and some notorious failures is set to take over the former Gilman Paper Mill site that was to become Jacoby Development’s Cumberland Inlet resort-style residential community.
Wednesday, November 5, 2025