Silicon Alley U

Early Decision! Mayor Awards Tech Campus Grant to Cornell and Technion [LIVEBLOG]

tech campus presser

Everyone thought the decision as to who would build the new applied sciences campus in the city would be made known in January. But after Stanford pulled out of the race for a grant to build a tech campus in New York City Friday afternoon, things happened fast. Shortly after Stanford’s surprise announcement, Cornell University, another top contender, announced it had received a $350 million anonymous donation earmarked for the campus. Then over the weekend, news leaked that Cornell’s proposal, submitted in conjunction with Technion, Israel’s Institute of Technology, had been chosen (in line with the affinity between the tech scenes in Israel and New York).

Cornell and Technion proposed a campus of 2.1 million square feet with classrooms, laboratories, housing, and a conference center at the city-owned Goldwater Hospital site, on the southern tip of Roosevelt Island, according to the city.

“I’m thrilled that Cornell-Technion University will engineer our city’s economic future on Roosevelt Island. This is a game changer for our city. I look forward to working with Cornell-Technion University and local residents in the months ahead to build the most vibrant, successful campus possible,” City Council member Jessica Lappin said. Read More