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Silicon Alley U

Silicon Alley U

Stunning Aerial Video of How Cornell-Technion Campus Will Change the Landscape of New York

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Betabeat has been drooling over renderings of Cornell-Technion’s gleaming $2 billion campus on Roosevelt Island ever since we first saw the specs in October. At the press conference on Monday announcing the winner of the $100 million grant, Cornell President David Skorton debuted a video flyover of the campus and Curbed has the 30 second spot. Read More

Silicon Alley U

Safety School? As Stanford Says ‘See Ya!’ Bloomberg Hops in Bed with Big Red

Gleaming the cubes.

On Monday, the lobby of the Weill Cornell Medical College, which resides on a particularly gray stretch of the Upper East Side, was crawling with men and women in wooly blazers dotted with “carnelian” buttons—the technical name for the maroon hue that invariably moves Cornell students to chant some version of “Go Big Red!”

Inside the auditorium, as an assembly of press, pols, and local technorati waited for Mayor Bloomberg to appear, a giant projector flashed a mosaic of the Cornell University logo.

The news had been leaked to every major news outlet by midnight on Sunday; there was no point in being coy. Read More

Silicon Alley U

New York Times Identifies Anonymous Cornell Alum Who Donated $350 M. Towards the Tech Campus

Mr. Feeney via the Cornell Chronicle

Looks like Sandy Weill will have to be okay with having only two Cornell institutions named after him. The New York Times just outed the Big Red enthusiast responsible for a $350 million anonymous donation towards Cornell and Technion’s proposed applied sciences campus. The individual is 80-year-old Charles F. Feeney who made his billions running the Duty Free Shoppers Group. The donation was made through Atlantic Philanthropies, an organization founded by Mr. Feeney.

Well that explains the duty free joke during today’s presser announcing Cornell and Technion as the winner. Early in the presentation, Technion president Peretz Lavie said he was told on Friday afternoon to buy a ticket for New York. When Betabeat asked whether that meant the decision wasn’t made until Friday (after Stanford dropped out of the race), Mayor Bloomberg quipped: Read More

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

Silicon Alley U

Bloomberg Reported to Announce Cornell the Winner of the $100 M. Tech Campus Bid

via Belsky Bits

Who knew a request for proposal to build a tech campus would offer such edge-of-your-seat drama? Late Sunday night, the Wall Street Journal, New York Post, Bloomberg, and the New York Times all put out stories saying that Cornell won the bid to build a tech campus on Roosevelt Island. Mayor Bloomberg will reportedly make the announcement Monday.

This latest development caps a tumultuous 72 hours in the year-long process of trying to build an engineering mecca that would transform New York into the next Silicon Valley. On Friday afternoon, Stanford–widely thought to be a front-runner and openly courted by Mayor Bloomberg–abruptly announced that it was dropping out of the race. Hours later, Cornell announced an anonymous $350 million donation towards its applied sciences campus proposal. Read More

Silicon Alley U

Hours After Stanford Drops Out, Cornell Announces $350 M. Donation For Tech Campus

via Belsky Bits

They must be popping champagne in Ithaca right now. Mere hours after Stanford dropped the bomb that it would be withdrawing its bid to build an engineering mecca on Roosevelt Island, Cornell just announced that it has received a $350 million anonymous donation in support of its applied science campus proposal.

Anonymous, hmm . . . Perhaps it’s someone with an extra $88 million lying around? “We’re not commenting!” is all Cornell offered by way of response. Read More

Silicon Alley U

Stanford Pulls Bid for New York Tech Campus

john hennessy

Stanford has reportedly been the frontrunner in the city’s application process for an applied sciences and engineering campus in New York City, for which the city first offered monetary incentives over a year ago.

But according Stanford University, that’s no longer the case. “After several weeks of negotiations with New York City, university leaders and the Stanford Board of Trustees have determined that it would not be in the best interests of the university to continue to pursue the opportunity,” said a press release sent out around 2 p.m. today. Read More

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Can Brooklyn Boosters Help NYU Win the Bid to Build the Engineering Campus?

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Just because the five schools still bidding on a chance to build an applied sciences campus in New York are forbidden from speaking publicly about their proposals during the evaluation process doesn’t mean their supporters can’t pipe up.

In November, Mayor Bloomberg bounced two of the seven contenders for a $100 million grant to build on city land out of the competition for failing to meet the criteria. After knocking out India’s Amity University and a consortium of local groups that included New York Genome Center, Mount Sinai medical school, Rockefeller University and SUNY Stony Brook were knocked out, Mayor Bloomberg told the Daily News, “If they want to do something that’s maybe nice to have but doesn’t create jobs, that’s not part of this program.”

That might explain why NYU backers aren’t taking chances with its proposal to transform the MTA’s abandoned headquarters on Jay St. into the Center of Urban Sciences and Progress. Read More

Silicon Alley U

From Albany, With Love: Cuomo’s Council Wants to Help with Bloomberg’s Tech Campus

Cornell's rendering on Roosevelt Island.

Mayor Bloomberg isn’t the only one with a gleam in his eye when it comes to plans to build an applied sciences campus in the five boroughs. Albany wants to help the mayor get the project (a shining achievement in a troubled third-term) under way before he’s out of office.

To that end, the state economic development council Governor Cuomo put together to promote economic growth in New York City has declared the campus a “priority project.” Crain’s New York reports that the council of two dozen leaders in business, labor, and government plans on asking Albany for $40 million.

None of that money has been earmarked for the campus specifically, but the state might be able to assist in other ways. Read More

Silicon Alley U

Does Mayor Bloomberg Hold All the Power When It Comes to Deciding Who Will Build the Tech Campus?

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Throughout the drawn-out process to build an engineering mecca to rival Silicon Valley on city-owned land, the NYC Economic Development Corporation has maintained that there was no front-runner. The reason for that, EDC president Seth Pinsky has said repeatedly, is because the committee of government officials, city elders, and entrepreneurs have yet to see the proposals.

It didn’t matter that the Mayor seemed to have a sweet spot for Stanford, because it all depends, said Mr. Pinsky, on what the schools submit to the requests for proposals (RFP).

In the New York Times today, however, the paper reports that, “the decision as to who gets to build what, and where, will ultimately rest with one man“: Mayor Bloomberg. At the half-way marker of his third term which has been marred by cutbacks and managerial missteps, the campus is a potential crown jewel for his legacy. It’s not mere conjecture, even deputy mayor Howard Wolfson tells the Times, “This is going to be a mayoral call, because this is something that is incredibly important to him.”

Betabeat talked to a source familiar with the selection process for clarification. Read More