Council OKs marketing industrial sites

July 16, 1998

Taneytown City Council has endorsed the efforts of a Baltimore commercial real estate developer to market industrial properties in the community.

The council voted Monday to support developer Stanley K. Ward's effort to package three industrial properties for sale. Support may include city government assistance with loans or Community Development Block Grant financing for a prospective industry. The council retained the right to reject an industry it finds undesirable.

Ward has an option on a vacant 17-acre property and a contract with the city to design a redevelopment plan for the former Cambridge Rubber Co., a shoe factory that closed in 1986. He also is negotiating for the right to market an undeveloped 100-acre property.

Pub Date: 7/16/98

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