Packard to pay for less parking?

How much is a parking space – or lack of one – worth to the David and Lucile Packard Foundation? Try $40,000. That was the number floated by Los Altos city officials March 23 during a study session with the well-funded non-profit. Packard officials seek to overcome an 84-space disparity in plans for a new 45,000-square-foot office building. Packard’s plan accounts for 67 spaces while city code mandates 151. If Packard pays $40,000 per space in lieu of the 84 spaces, the organization would pay more than $3.6 million to the city. For more on the story, see this week’s Town Crier print edition.