[PART 2] SERIES: Who Owns Silicon Valley?

From Hewlett-Packard computers to Google search engines, Stanford University is credited with some of Silicon Valley’s biggest innovations. But is the university also partly to blame for the region’s biggest problem – the housing crisis?

The NBC Bay Area Investigative Unit in conjunction with Telemundo 48\Area de la Bahia, the Mercury News, KQED, and REVEAL from the Center for Investigative Reporting analyzed more than 500,000 property records for 2018 as part of a joint investigation to find out “Who Owns Silicon Valley.”

Records show that Stanford is by far the wealthiest landowner in Santa Clara County with $19.7 billion in assessed property.

One of the oldest institutions in the county, Stanford has accumulated thousands of acres in property including its main campus, open land, commercial offices, and the Stanford Shopping Center.

But the university’s more recent foray into the housing market now has residents calling for the government to intervene.

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[ShakespeareCafe]

Stanford owns the land that sits under Stanford Shopping Center, the most profitable mall in the United States. You can’t blame them for providing their faculty and staff exclusive housing options where their pay scale would never cover market rates. Stanford is the intellectual engine that created the vast wealth of Silicon Valley

[mattbetta]

The things people do with their time..

[striker]

Without Stanford there would have been no silicon valley. I'd welcome a professor's ghetto any day.