Friday, August 27, 2004

Stanford gets massive donation for housing

Stanford recently received a $43.5 million donation that is expected to be used primarily to house law school students. The university had previously announced plans to build a 500,000 square-foot dormitory near the law school.



Generally, building on-campus housing is a good thing that reduces Stanford's environmental impact. However, CGF will also have to watch for "empire-building" among university administrators that may use this housing as an excuse to justify other projects that increase off-campus housing demand.



The donation also suggests that the relatively slow rate of building construction on Stanford campus may start to turn around, and become more aggressive.



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