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[quote=Anonymous][quote=Anonymous]I get that this is what you do when you don't have land.  [b]What I don't understand is why, when the school does have land, it hands it over to a developer rather than uses it for educational facilities.[/b]

I could understand a self-protective land-banking strategy with temporary commercial uses.  (e.g. School wants control over adjacent properties for long-term use, and this is the window of opportunity for land acquisition but school can't currently afford or doesn't currently need the space, so it builds something that it owns/controls/has the right to remove but that yields revenue in the meanwhile).

But doing what GDS is proposing suggests screwed-up priorities and/or a toxic mix of conflicts-of-interest and naïveté.[/quote]

Because this was a real estate deal cooked up by developer-insiders on GDS' board.  They are using the legal vehicle of school ownership of both parcels to "borrow" density from the campus/Safeway site to develop the Volvo site higher and denser than what zoning allows.  They justify busting zoning restrictions and even taking public space by claiming that such a large project is required to fund more financial aid.  But their claim that GDS intends to do good masks their private plans to do well.[/quote]

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