State loan for Greene Turtle sports bar in Towson delayed

By Christopher Goins

The Greene Turtle on York Road in Towson

The Greene Turtle on York Road in Towson

The Board of Public Works kicked a $240,000 loan to renovate and expand a popular sports bar franchise down the road on Wednesday.

The board will instead decide whether to grant the economic development loan, which is 27% of total project costs, to the Towson Greene Turtle on York Road at the next Board of Public Works meeting on Aug. 21.

Officials demand justification for use of state funds

When asked by State Treasurer Nancy Kopp why the loan is important enough to receive public funds, Department of Housing and Community Development Assistant Secretary Carol Gilbert said that the restaurant is “expanding and doubling in size to serve the Towson area.” In other words, the loan will create jobs and it will contribute to the “revitalization” of the Towson neighborhood.

Gilbert said DHCD thinks the loan is a “terrific economic development project.”

Gov. Martin O’Malley asked whether Towson has been struggling. Gilbert replied: “It has and it may struggle more in terms of, because of, new national chains coming in with the new Towson Circle III development.” She added that DHCD is interested in “investing” in locally-owned businesses “that are a part of the traditional business district.”

“If the argument is ‘other things are coming in and growing and so we want to help this one company,’ it sounds to me like there’s revitalization going on without it,” Kopp said.

U.S. Census data shows that from 2005 to 2011, the number of establishments in the 21204 ZIP code where the Towson restaurant is listed have continuously declined — since before the start of the recession in December 2007–by 261 establishments. The number of employees has also declined by 4,157 over the same period. Data for 2012 and 2013 are not available yet.

The area includes the largely vacant Towson Commons.

Baltimore County is backing project

Baltimore County has given the Greene Turtle project a $90,000 grant out of the total estimated $893,000 costs.

An applicant for a loan within the Neighborhood Business Development Program must have looked at other sources such as the local community, banks, and plan to self-finance at least 5% of total project costs. According to the Board of Public Works request, the borrower has put in $160,000 or 18% of project costs.

The Neighborhood Business Works loan will go towards a second dining room on the rooftop and new furniture. State guidelines limit the loan to up to 50% of project costs.

“I’ve visited a lot of these Greene Turtles,” said Comptroller Peter Franchot. “This one is a sports bar in a college town.” Later he added it was an “affluent” town.

Franchot against loan

Franchot indicated he was a clear “no” vote if they had actually voted on the loan. He said the idea of giving Greene Turtle money reminded him of when the state gave money towards a Popeye’s chicken location on Route 50 in Cambridge, Md. in 2013 and a hotel chain.

“If they can’t make a go of it without taxpayers money nobody can,” said Franchot.

The Greene Turtle has 24 locations in Maryland, seven locations in Virginia, three in Delaware and one in the District of Columbia and New York each, according to its website. It got its start in Ocean City, Md. in 1976. According to the Jacksonville Daily Record, the franchise expects to have 150 restaurants on the East Coast within five years.

“They are not struggling,” said Franchot.

Expansion could more than double full-time employees

The Towson location has 24 full-time employees. Gilbert claims that if they are allowed to expand they will create an additional 27 full-time employees.

Although the Towson location is a healthy business in term of sales, Gilbert said construction financing is hard to get.

“I would love to see some numbers attached to the expectations [and] to the payback,” Kopp said. The board voted to defer discussion on the loan until the August meeting.

Three months ago, the Board of Public Works approved a $300,000 refinancing loan from the same revitalization program for an Irish pub in Wheaton.

About The Author

Len Lazarick

Len Lazarick was the founding editor and publisher of and is currently the president of its nonprofit corporation and chairman of its board He was formerly the State House bureau chief of the daily Baltimore Examiner from its start in April 2006 to its demise in February 2009. He was a copy editor on the national desk of the Washington Post for eight years before that, and has spent decades covering Maryland politics and government.


  1. Ed

    I have concerns about this deal also, but there are two pieces of what I will call sloppy reporting that skew this picture.

    Problem 1: “The area includes the largely vacant Towson Commons.” Really? The office portion of Towson Commons has NEVER been largely vacant. It has consistently had a 90-percent or more occupancy rate and its largest tenant just extended its lease, I believe (Based on numerous stories over the years in the Towson Times, and Baltimore Sun) The only issue with Towson Commons has been the retail portion of the project.

    Problem 2: While you correctly paint a portrait of the Greene Turtle as an expanding brand, you never once mention that the coasts for this expansion are not being borne by the corporate Greene Turtle, but by a franchisee, who presumably does not have the same access to capital that a company with 36 restaurants likely would enjoy.

    Please be a little more careful in the reporting.

    • lenlazarick

      I think “sloppy” is a little strong. I added the “largely vacant” line in the editing process to reflect the fact that this Greene Turtle is across the street from a whole block of vacant retail.

      I’m not sure we know who is footing the bill for the expansion. It is most likely the franchise owner, but the landlord is picking up some, according to the BPW documents. The relationship between a national chain and its franchisees is often complicated. What Ed is complaining about is context added to the story that did not come out of the meeting. I’m not sure how they “skew” this story. Len Lazarick, Editor

      • Ed

        Len, you are probably right that sloppy was a little strong, but sometimes the addition of one or two words makes a huge difference. If you had also added the words “retail portion” I would have had no issue with the reference to Towson Commons. I believe that complex was somewhat controversial when it was first built about 20 years ago (I think), but I think from a financial perspective, simply saying the complex is “largely vacant” creates a false impression for those not closely following the low vacany rate in the office portion. As for the franchisee reference, I believe one of the stories in other publications in the weeks leading up to the BPW meeting explained the relationship as it relates to this expansion, which is why I mentioned it. But my “old man memory” may have betrayed me on that. 🙂
        All of that being said, I want to thank you for the outstanding work you and your staff do with you own reporting and your aggregation. It is helpful for my work as a government public information officer.