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Palo Alto, Stanford split over ‘revenue guarantee’ for hospital expansion
Palo Alto Online

Palo Alto and Stanford University remain at odds over whether Stanford should guarantee that its massive hospital expansion doesn’t hurt the city’s bottom line.

The question of “revenue guarantee” is the lone obstacle standing in the way of a development agreement that would pave the way for Stanford’s proposal to add 1.3 million square feet of development space to the city. Because the project far exceeds the city’s zoning regulations, Stanford is expected to provide a variety of community benefits to get the green light.