San Jose Reaches a Deal with School District on North San Jose Development

It seems an agreement has been reached between the city of San Jose and San Jose, Santa Clara Union School district officials on the funding of schools in support of the development slated for North San Jose. The agreement averts a decision by the school district to place an initiative on the november ballot will calls for a $30,000 per housing unit fee. We discussed the fee in additional detail in a previous post.

Under the terms of the deal, developers will kick-in $58 million, and the city will provide an additional $75 million in funding. The city will also be providing 8-acres of land adjacent to the Alviso Fire Station for the school district to use as a development site for a school.

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