John Taylor, Professor of Economics at Stanford University and developer of the "Taylor Rule" for setting interest rates | Stanford University
John Taylor, Professor of Economics at Stanford University and developer of the "Taylor Rule" for setting interest rates | Stanford University
Stanford's plans to potentially acquire and revitalize the Notre Dame de Namur University (NDNU) campus in Belmont took an important step forward with the City of Belmont’s recent release of the Draft Environmental Impact Report (DEIR) that analyzes Stanford’s redevelopment plans. The report finds that Stanford’s project will have no adverse environmental impacts after the proposed mitigations.
The university is also actively working with city staff on a package of community benefits for the project that will be included as part of the project application that will ultimately be considered by the City Council.
Stanford entered into an agreement with NDNU to work toward Stanford’s purchase of NDNU’s campus in September 2021. The agreement, which provides Stanford with the option to purchase the property through June 2025, is designed to support the academic missions of both universities. NDNU is independently pursuing a vision where it is transitioning to offering graduate programs and undergraduate degree-completion programs, a shift that led to the university’s decision to sell its campus.
The potential transaction supports NDNU’s ongoing transition to a primarily graduate university while providing Stanford with additional space to support its people and programs and deepen its commitment to the region.
A year later, Stanford submitted an application to the City of Belmont for a Conceptual Development Plan (CDP) for the NDNU campus property. Stanford’s long-term plans for the campus include 700,000 total square feet of space for academic uses and housing related to campus use, an increase of 265,000 square feet over what the city previously approved for the site, over a 30-year development period. A minimum of 50 housing units would be created for Stanford affiliates, and up to 200, depending on programmatic needs.
“We were very thoughtful in our preliminary design process to craft an application that had minimal impacts, and the EIR reflects that effort,” said Steve Elliott, senior managing director for real estate development. “Stanford plans to operate a future campus at a similar level to that of NDNU in 2013, so Stanford will not be increasing the intensity of activity on the campus from when it was last being fully utilized.”
On traffic along Ralston Avenue, a topic of particular interest to the Belmont community, the environmental report has encouraging findings.
Stanford’s plans would not add additional traffic to Ralston Avenue, the main thoroughfare that serves the campus, over what NDNU generated when it was fully enrolled. Stanford plans to carry over its existing successful sustainable transportation program to a future Belmont campus.
The release of the DEIR begins a 45-day public comment period on the document, after which city consultants will develop responses as part of finalizing it. The Belmont Planning Commission will hold a public hearing on Aug. 20 at 7 p.m. The final EIR will be released ahead of Planning Commission and City Council hearings on next spring's Conceptual Development Plan.
As part of its CDP application, Stanford proposed community benefits focused on restoring historic Ralston Mansion, maintaining community use of Koret Field, improving transportation along Ralston Avenue corridor and establishing local educational initiatives based on feedback gathered during outreach efforts.
The application includes:
- Contribution toward Belmont Community Center
- Discretionary funds for enhancing city services
- Funding for Ralston Avenue transportation improvements
- Community use post-renovation Ralston Mansion
- Community use Koret Field
- At least 20% below market rate affordable housing
- Funding TK-12 education programs
- Tuition grants for city staff in Stanford Executive Education courses
- Payment covering Belmont's development fees
The Belmont City Council will make final determinations regarding these benefits as part consideration towards Stanford's application.
More information about this potential project can be found at belmont.stanford.edu.
Media contact: Joel Berman: (650) 208-8819 or joelberman@stanford.edu
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