| Sand Hill Road |
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Sand Hill Road is a Road in Menlo Park, California , notable for the concentration of Venture Capital companies there. Its significance as a symbol of Private Equity in the United States may be compared to that of Wall Street in the Stock Market . Connecting El Camino Real and Interstate 280 , the road provides easy access to Stanford University and Silicon Valley . For several years during the Dotcom Boom of the late 1990s , commercial Real Estate on Sand Hill Road was more expensive than almost anywhere else in the world. The annual Rent for one square foot on Sand Hill Road peaked at around $144 ( USD ) in mid-2000; at the time, this was higher than rates in Manhattan and London 's West End . Some of the areas Sand Hill Road venture capitalists invest in:
Sand Hill Road is also home to the Stanford Linear Accelerator Center . HISTORY For many years, Sand Hill Road's northern end terminated in the middle of Stanford Shopping Center's Parking Lot , and the only four-lane segment was the section from Interstate 280 to Santa Cruz Avenue (the section where all the venture capitalists are housed) (note that Santa Cruz Avenue continues the alignment of Alameda de las Pulgas in this area). This situation resulted in two severe bottlenecks which made it difficult to travel to and from Stanford Shopping Center, Stanford University , and Menlo Park . Extension and widening of the road was ferociously opposed by environmentalists who were concerned about the road's proximity to San Francisquito Creek, and by residents of Menlo Park, who feared that completion of the road would increase traffic congestion in their area due to the mid-Peninsula region's lack of a direct north-south arterial. After three decades of lobbying, negotiation, and litigation, the road was finally completed to El Camino Real in 2001. Oddly, only the existing portion from just ''north'' of Alameda de las Pulgas to just ''south'' of Stanford Shopping Center was widened to four lanes; the new extension past the shopping center was built only as two lanes. The bottleneck near Santa Cruz Avenue has been widened as of 2006, and features a 16 foot high faux rock wall at the junction of Sand Hill Road and Santa Cruz Avenue. The project was delayed because the stretch of land at issue runs through Menlo Park, not Palo Alto; the city reversed its stubborn opposition to widening only after it saw how well the widening of the northern Palo Alto segment turned out. REFERENCES |
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