News Headlines Article

Palo Alto, Stanford reach financial agreement on massive hospital expansion
Palo Alto Online

Palo Alto and the Stanford University Medical Center reached a breakthrough Wednesday on a financial agreement that could pave the way for Stanford’s massive expansion of its hospital facilities — the largest construction project in the city’s history. After weeks of intense negotiations, city and Stanford officials have tentatively agreed on a deal that effectively resolves the thorniest component of the parties’ “development agreement” — a document that would grant Stanford the right to exceed local zoning regulations in exchange for a set of “community benefits.”