Santa Clara VTA Board of Directors approves ground lease agreement with San Jose
Oct. 9, 2023
The Santa Clara Valley Transportation Authority (VTA) Board of Directors has approved a five-year ground lease agreement with the city of San Jose for 7.2 acres of land at the Cerone Bus Yard. The move enables the construction of 200 units of emergency interim housing.
The agreement was made with the following conditions:
The agreement also requires a phased opening approach to the facility, the establishment of a Safety Advisory Committee and a Community Advisory Committee and approval of the temporary use at fair market value based on the Federal Transit Administration regulations.
Santa Clara VTA analyzed the near-term future needs at Cerone and developed a footprint that would avoid impeding VTA’s ability to expand its current facilities.