[quote]That’s Cornell University’s vision for a new applied- sciences campus in New York City. The school was named yesterday as the winner of a competition set up by the city to build a facility for job-spinning engineering research — the way Stanford University has helped seed innovation in Silicon Valley.
The question now is whether the project will run counter to the trend for spinoff jobs to flee the city for suburbia.
Seven proposals involving 15 universities were considered. Cornell’s bid was bolstered by the announcement last week of an anonymous $350 million gift to the university for the project.
Cornell, based in Ithaca, New York, worked with the Technion-Israel Institute of Technology in Haifa on a $2 billion proposal for a 10-acre campus on Roosevelt Island. The city offered the site free, along with providing $100 million for infrastructure work.
The project could involve more than 2 million square feet for more than 2,000 students. The first 150,000-square-foot building would generate as much power as it would use.[/quote]
[box type=”info”]Read: Cornell’s $2 Billion Campus Fuels N.Y.C. Search for Tech Jobs – Source: Bloomberg[/box]