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

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.

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.

Over the past six months, City Council member Jessica Lappin led a Facebook, Twitter, and email campaign to bring the campus to Roosevelt Island, and hundreds of New Yorkers responded. She also brought together a coalition of elected and civic leaders to endorse the concept behind the plan.

“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,” she said.

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  1. Anonymous says:

    The Stanford University brand opted out of Mayor Michael Bloomberg’s NYC Tech Campus for-profit, spy college deal. Technion of Israel still in “completely 50-50 partnership” with Cornell to take over  31% of Roosevelt Island.
    Technion grads head 59 Israeli NASDAQ firms ($28+ billion market value). Such grads employ 85% of techies Israel-wide. If Pentagon unblocks China deal, that makes Israel  3rd biggest arms exporter. 
    “By joining forces in this groundbreaking venture, our two great universities will employ our demonstrated expertise, experience and track record of transforming new ideas into solutions to create the global avenues of economic opportunity and tech leadership that Mayor Bloomberg envisions,” Cornell President David Skorton said.
    “We are very proud of the many strengths we bring to this endeavor, and we are excited to be a partner with another of the world’s great research universities,” Technion President Peretz Lavie added.
    “I launched Qualcomm’s first international R&D Center in Haifa in 1992, staffed entirely with Technion graduates and purposely located near the campus to take advantage of its great education and research,” said Irwin Jacobs of Qualcomm, who, along with a Goldman Sachs partner, is on the Technion-Cornell bid committee.
    Education Management (EDMC), 40% Goldman Sachs owned, stated “several states” attorney generals were planning to join False Claims Act case against them. EDMC operates career-college chains like Art Institute & Argosy University.
    Euro regulators fined Goldman Sachs / Barclays $456 million two years after the Dec. 2008 financial crisis for continued predations.