Caves Valley Partners, the developer of Towson Row, has agreed to pay an additional $95,000 in open space waiver fees, beyond the $55,000 that the company is required to pay Baltimore County.
The deal was struck in late December and recently announced that the additional money will be paid to two community groups, the West Towson Neighborhood Association and the Greater Towson Council of Community Associations. The GTCCA will receive 80 percent of the new money and the West Towson association will receive 20 percent, said Carrie Cronin, president of the West Towson Neighborhood Association.
The money will be held in escrow until Caves Valley breaks ground, probably in the next two years, Cronin said.
Source: Towson Row developer strikes deal on open space fees – Baltimore Sun
