Stanford to pay up to $5 million for bike/ped Caltrain crossing at Middle Avenue | News
As part of preliminary terms of a development agreement between Stanford and the city of Menlo Park, Stanford officials have said the university will pay for half of the cost – up to a maximum of $5 million – to build a tunnel or overpass to allow safe crossing of the Caltrain tracks at Middle Avenue in Menlo Park.
The Menlo Park City Council is expected to consider the terms of the development agreement for Stanford's proposed project a 500 El Camino Real at its meeting on Tuesday, Aug. 29.
Under the proposed agreement, the city will administer the crossing project , but Stanford will help pay for it. A study by consultants from the transportation firm AECOM to develop preliminary designs for the crossing is in progress.
The university also agreed to provide additional below-market- rate housing – a total of 10 units, two or three units beyond what is required as part of the city's below-market-rate ordinance – and to donate $1 million, or $100,000 for 10 years...