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Menlo Park: Proposed office complex would bring traffic plus revenue

Original post made on Apr 5, 2014

The Menlo Park Planning Commission recently took a look at the draft environmental and financial impact analyses for a proposed project that would, eventually, help revitalize the city's M-2 industrial district.

Read the full story here Web Link posted Thursday, April 3, 2014, 10:04 AM

Comments (4)

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Posted by Put Off
a resident of Menlo Park: other
on Apr 5, 2014 at 8:57 am

I think it is more than strange that Sobrato is not required (thus far) to enter into a development agreement for this project. 260,000 SF of office is half the SF proposed for Menlo Gateway. Granted Menlo Gateway is triple the size of this proposal, but the benefit to the city must be taken into account when considering the real size of a project. Of the 900,000 SF of Menlo Gateway, almost 300,000 SF of it is essentially a cash cow for the city producing $2,000,000 a year for Menlo Park alone. The benfits to the city in Sobrato's proposal are...laughable. Just over a 100,000 dollars a year for the city? And yes 163,000 for the fire district and 135,000 for the SSD, but the weight still seems off, no? The financial gain and the mitigation ratio being put forth by Sobrato does not come close to that of Menlo Gateway, and it's seems to me that the city will be ROBBED BLIND if the council doesn't wake up.

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Posted by Put Off
a resident of Menlo Park: other
on Apr 5, 2014 at 9:06 am

*Sorry folks, I knew my number was off somewhere. So Menlo Gateway has 700,000 SF of office, so Sobrato's project is not half the size of Menlo Gateway, but closer to a third of the size. Even still my opinion stands.

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Posted by concerned
a resident of Menlo Park: Suburban Park/Lorelei Manor/Flood Park Triangle
on Apr 5, 2014 at 10:22 am

What benefit does this project have for Menlo Park? It adds a lot of traffic. It doesn't add housing to offset more jobs here.
It doesn't seem to be designed for sales-tax generating businesses. M-2 is the part of menlo park that is designated in the general plan to produce sales tax revenue.
What are city officials doing?

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Posted by uneasy
a resident of Menlo Park: Central Menlo Park
on Apr 5, 2014 at 12:26 pm

I've read this story several times, and can't figure out anything about whether the project has a chance of passing muster with the planning commission. Bressler, as usual, is asking questions, but Riggs' comment is pretty ambiguous, and no other commissioner's view is given.

If the city can't demand a development agreement, can't they put heavy pressure on the developer to agree to one? The developer stands to clean up while the residents have to buck up in the face of still more traffic and strain on infrastructure.

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