Stanford University has proposed investing $4.7 billion in new housing, transportation and public schools for Santa Clara County, Calif., in exchange for gaining permission to build approximately 3.5 million sq ft of new facilities by 2035. Designed as an incentive to restart stalled development negotiations with county planners and offset the projected addition of more than 9,000 students and employees to the campus population, the offer calls for more than 2,170 on- and near-campus “workforce housing units,” 2,600 student beds, sustainable transportation demand management systems and infrastructure improvements. The university would also contribute more than $30 million for bicycle, pedestrian and transit improvement projects in Palo Alto and San Mateo County. Palo Alto schools and libraries would receive $138.5 million for capital and operational uses.
Stanford University Plans To Expand Campus for $4.7B
July 3, 2019