Divided Baltimore County Council approves reduced price for Towson property sale – Baltimore Sun

2018-04-16T20:56:20+00:00April 16th, 2018|Categories: Development, Press|Tags: , , , , |Comments Off on Divided Baltimore County Council approves reduced price for Towson property sale – Baltimore Sun

A divided Baltimore County Council voted Monday to sell a controversial county-owned property to a private developer at a steeply discounted price.

Under the deal, Towson-based Caves Valley Partners will buy a parcel at the corner of York Road and Bosley Avenue for $6.9 million — although the company will only directly pay about $5 million as part of the complex contract. That’s significantly lower than the original purchase price of $8.3 million.

The vote was 4-3 — a rare split for the council — with council members Vicki Almond, Todd Crandell and Wade Kach voting against the revised contract.Council Chairman Julian Jones and council members Cathy Bevins, David Marks and Tom Quirk voted in favor of the revised contract.

Read full article: Divided Baltimore County Council approves reduced price for Towson property sale – Baltimore Sun