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Stanford/Middle tunnel: 50% cost sharing please

From: domainremoved <John>
Date: Fri, 22 Sep 2017 21:15:31 +0000 (UTC)

Dear Council -
   Thanks first to the Council and Stanford for bringing the excellent proposed project at 500 ECR to near acceptance.  
  My understanding of the latest negotiation package is a maximum $5 million contribution from Stanford to the Middle Avenue tunnel.  I'm for the entire project and am aware of other payments and design accommodations being made.  Nonetheless, I  urge the Council once more that the city negotiate  50% cost participation with Stanford for a Middle Avenue tunnel.  
   The reason is that the tunnel readily brings more than $5M benefit for Stanford to the entire office, housing and retail project.
 Without the tunnel, the project is sited on an awkward, narrow peninsula trapped between El Camino Real and the Caltrain tracks.  
  With the tunnel, the project becomes one of the best mixed-use projects on ECR.  Office workers and residents will have direct access to Burgess park with an excellent library, playing fields, pool and civic center.  The retail sites at the new Middle plaza will now have a constant stream of potential customers passing through the tunnel at all times, whether from or to the new buildings or not.
    Compare all that to the no tunnel option.  At $5M, this is excellent project value for Stanford, a no-brainer.    

     It's fair to say Menlo Park residents and Stanford will benefit equally from a Middle Avenue tunnel.  We can therefore invest equally.       When I was a Planning Commissioner the last cost estimate I heard for a tunnel was $17M.  With at most $5M from Stanford, that's at least a $12M project for the city compared to $8.5M if an even split.   So hold out for 50%. 

   Sincerely,
   John Kadvany / College Ave.   
Received on Fri Sep 22 2017 - 17:19:25 PDT

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