The proposed expansion of Stanford University in Redwood City could move one step closer to reality tonight when the City Council will consider the project’s environmental impact report and a development deal worth $15 million.
The Planning Commission in August unanimously voted to recommend the City Council accept the agreement, rezone the property and certify the final EIR so that discussion can begin about the project itself.
The satellite hub will be Stanford University’s first significant expansion outside of its main campus and provides space for both academic and non-academic uses.
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.
The EIR identifies some project impacts that can’t be fixed by the city, like traffic delays at Woodside Road, because it is controlled by the state transportation department. For these areas, the City Council is being asked to adopt findings that override any requirements for mitigation.
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.
The funds are tied to improvements and projects scheduled to happen over the life of the 30-year agreement. For example, the first $150,000 for neighborhood street enhancements in Friendly Acres, Redwood Village and North Fair Oaks become available within 30 days of the agreement’s execution. The next $600,000 comes just before the first building permit is issued and the final half is paid prior to the certificate of occupancy.
In addition to the $15 million development agreement, Redwood City officials expect to benefit financially through 4,300 new jobs, $263 million in construction spending and $261 million in annual indirect spending.
The Redwood City Council meets 7 p.m. in Council Chambers, 1017 Middlefield Road, Redwood City.