Balto. Co. Council approves lease to Towson developer – baltimoresun.com

2013-12-17T10:31:57+00:00 December 17th, 2013|Categories: Development, Press|Tags: , |Comments Off on Balto. Co. Council approves lease to Towson developer – baltimoresun.com

The Baltimore County Council on Monday approved leasing a valuable piece of land to a Towson developer, over the objections of a councilwoman who said the deal negotiated by County Executive Kevin Kamenetz’s administration lacked transparency.

Council members voted 6-1 on the contract with Towson Row RP LLC, which is connected to development firm Caves Valley Partners. Councilwoman Vicki Almond, a Reisterstown Democrat, was the only one to vote against the lease agreement for 301 Washington Ave., a former county office building.

Under the 20-year lease agreement, the company would initially pay $85,750 annually and would have the option to purchase the site after two years. The developer wants to use the 0.395-acre tract for Towson Row, a $300 million mixed-use project.

via Balto. Co. Council approves lease to Towson developer – baltimoresun.com.