India, June 25 -- Stanford University has proposed to invest $4.7 billion in housing, transportation and public school, as part of long-term land use plans.
The university said that a development agreement would allow it to provide benefits for the campus community and neighboring residents while providing long-term certainty of the rules affecting its future land use.
The University said in a letter to Santa Clara County that it would invest $3.4 billion in housing development and more than $1.1 billion in transportation upgrades and other community benefits.
The University plans to build 2,172 workforce housing units, including 575 Below Market Rate units.
Stanford and Palo Alto Unified School District announced in mid-April an agreem...