Deal reached: No gas at York and Bosley, but purchase price unclear

2018-02-01T12:34:16+00:00 February 1st, 2018|Categories: Development, Press|Tags: , , , , , |Comments Off on Deal reached: No gas at York and Bosley, but purchase price unclear

After years of fighting, community leaders and developers have signed an agreement that allows the corner of York Road and Bosley Avenue to be developed without a gas station.

And although the two sides have reached an agreement on the future of the old fire station property, there are still many variables — including a lower purchase price — that could derail the negotiated plan.

The agreement, signed by representatives of Caves Valley Partners and the Greater Towson Committee of Community Associations earlier this month, has wording that:

  • includes a binding land covenant that prohibits a gas station at the site for 25 years
  • prohibits a 24-hour business from locating at what would have been the Royal Farms gas station, unless it is a medical clinic — although the other buildings at the site don’t have the 24-hour prohibition
  • prohibits many fast-food chains from locating at the site, although a Chick-fil-A would be allowed*

*One version of the agreement would have prohibited virtually all fast-food chains, including Chick-fil-A, but the developers struck that restaurant from the list.

Read full article: Deal reached: No gas at York and Bosley, but purchase price unclear