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Here is the kind of creativity that the City of Menlo Park needs to show re downtown parking concepts

From: domainremoved <Peter>
Date: Sat, 20 Dec 2014 11:09:39 -0800

"SamTrans and developer reach deal to let San Carlos Transit Village project begin
By Rhea MahbubaniDaily News Staff Writer

Courtesy of the City of San Carlos A rendering of the... ( Courtesy of the City of San Carl )
SamTrans announced Monday that it has reached an agreement with developer Legacy Partners, paving the way for construction to begin on the San Carlos Transit Village.

According to its press release, SamTrans will receive $750,000 a year over the next five years for leasing the Transit Village site to Legacy Partners, plus an additional amount after that period "by a to-be-determined percentage of gross revenues generated by the project."

Web Link <http://www.mercurynews.com/News/ci_27144407/SamTrans-and-developer-reach-deal-to-let-San-Carlos-Transit-Village-project-begin>

Note that neither SamTrans or the City of San Carlos is paying a penny for this project.
Received on Sat Dec 20 2014 - 11:03:27 PST

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