City banks on Stanford cash for major projects | July 29, 2011 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - July 29, 2011

City banks on Stanford cash for major projects

Palo Alto City Council hopes to use $40 million in Stanford money on 'meaningful,' 'transformative' projects

by Gennady Sheyner

Palo Alto officials are just starting the long process of allocating about $40 million that the city is scheduled to receive from Stanford University Medical Center. But the City Council agreed Monday night the funds should not be used to balance budgets but rather to fund big, ambitious projects with visible, long-term impacts.

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Staff Writer Gennady Sheyner can be emailed at gsheyner@paweekly.com.

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