The loans will convert into grants that don’t have to be repaid if Stanley Black & Decker keeps at least 2,000 employees between the Towson and Middle River locations, which represents a 400-employee increase.
Sinclair Broadcasting will receive a $1.3 million conditional loan from the state and a $130,000 conditional loan from the county. The money is part of the incentive package announced last fall for the company to keep and expand its headquarters in Hunt Valley.
Developers Marty Azola and Delbert Adams are proposing to turn the former Presbyterian Home of Maryland in the Southland Hills neighborhood into 47 condominiums to be called Bosley Estates. The center of the complex is the Bosley Mansion, built more than 150 years ago by one of the early founding families of Towson.
The project has drawn significant support, including votes from the neighborhood association and the Greater Towson Council of Civic Associations, though a few neighbors expressed concerns about the project at a public hearing last week. Supporters of the Bosley project wore matching green T-shirts reading "Save the Bosley Mansion" to Tuesday night's council meeting and applauded when the 6-0 vote was taken.
The unanimous vote by the council allows the developers to move into the county's planned-unit development process, which grants zoning flexibility in exchange for other benefits to the community. The developers need approval to build 47 units instead of the 28 that would be allowed under the existing zoning.
Councilman David Marks, a Republican who represents Towson, said the redevelopment into condominiums represents “the most realistic plan” for preserving the mansion and its broad lawn that has long served as an unofficial neighborhood park.