Stanford offers to invest billions in housing, transportation

STANFORD, Calif. (KGO) -- Stanford University is offering to spend $4.7 billion dollars for new housing and transit as part of a proposed expansion of its campus.

The university said $3.4 billion would go toward building 2,172 housing units, including 575 below market rate housing units.

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Everything would be built on Stanford property.

Another $1.1 billion would go toward a transit program.

Stanford has been in talks with Santa Clara County over the expansion after negotiations were halted in April.