Tax dollars for prime project in Towson?
TOWSON, Md. (WBFF) - A massive development in Towson is struggling to get off the ground and now developers are asking taxpayers for help.
On Tuesday, county council members began deciding whether to front developers $43 million to jumpstart the project.
When complete, the corner of Towsontown Boulevard and York Road will be home to a new hotel, apartments and office suites. It’s expected to be the same size as the Towson Town Center.
“2,000 jobs and $92-million dollars in employee compensation, that’s good stuff. That’s how we pay for schools,” said chairman Tom Quirk.
Critics, however question the risks predicting the upfront funding will leave the county blindsided.