Santa Clara County, Calif., officials say Stanford needs to built more than 2,100 housing units for faculty and staff if it wants its development plan approved.
Area leaders want Alquist Building in downtown San Jose declared surplus property so the site can be used for housing for San Jose State University students.
The donation, the largest ever to the business school, will enable it to build a conference center and enhance programs.
Officials plan to construct new facilities in East Boston and Chinatown.
The $19 million, 24,000-square-foot space will be the first-ever dedicated facility for the Department of Dance.