The Redwood City Planning Commission is unanimously recommending the City Council accept a $15 million development agreement with Stanford to build a satellite campus in the city.
The commission at Tuesday night’s meeting also recommended the City Council rezone the property and certify the environmental documents so that discussion can begin about the project itself. The council is tentatively scheduled to consider the matter at its Sept. 9 meeting.
The project will be Stanford University’s first significant expansion outside of its main campus and provides space for both academic and non-academic uses. As a condition of approval, Stanford University will also give the city funds including $1.5 million to a street enhancement program, $4 million to the community sustainability fund, $450,000 for bicycle system improvements, $100,000 for bus shelter improvements, $1.5 million for water tank improvements and $1 million of storm water improvements to address existing flood conditions in the project area.
If approved, Stanford University will also spend $5 million in education and training programs for city residents and businesses, $1 million for a multi-use recreation and wellness center at Red Morton Park, $250,000 toward the summer concert series and $250,000 for the Redwood City Educational Foundation.
The proposed plan on part of the former Mid-Technology Park calls for up to 1.518 million square feet of building spaces and approximately 4,500 parking spaces on a 35-acre campus bisected by Broadway and generally bound by Highway 101, Douglas Avenue, Bay Road and Second Avenue. The existing eight office and research and development buildings will be demolished and redevelopment will happen in phases, adding a medical clinic and offices for administration and research.