Largest gift in Cornell history for proposed tech campus
NEW YORK -- Cornell University and the Technion-Israel Institute of Technology will partner to build an applied sciences campus in New York City that officials hope will transform the metropolis into a center for entrepreneurship and technology innovation to rival California's Silicon Valley.
Mayor Michael Bloomberg announced that the schools' proposal had been selected in the multi-billion-dollar competition.
Seven universities and consortiums submitted bids to build a campus in exchange for nearly free city land and up to $100 million in city improvements. California's Stanford University withdrew its proposal on Friday, saying it had failed to find a way to ensure the success of its proposed campus in its talks with the city.
Cornell said Friday it had received $350 million from an anonymous donor for its plan - the largest gift in the university's history. In a statement, Cornell President David Skorton said the project would "fuel the city's growing tech sector."
Cornell and Technion have promised city officials the program will be up and running before the end of 2012, in existing city space.
Get Eyewitness News Delivered
new york city, cornell university, education news
- Suspect charged in shooting of Brooklyn teen 18 min ago
- AccuWeather: Clear and chilly
- Live: Eyewitness News on 7online streamed live!
- DISH Network signs on for WATCH ABC app
- New York-bound bus in wreck in Maryland 39 min ago
- Employees tied up, Car parts stolen in Elizabeth
- Suspect identified in attempted baby abduction 35 min ago
- Ferry captain arrested in South Korea after deadly accident
- Party shooting leaves Kean U. student injured
- Sea Isle fire destroys 3 beachfront homes 27 min ago
- Photos: Images of Sea Isle City fire
- Search for suspects in Riverhead robbery and assault
- 12 dead, 3 missing in Mount Everest avalanche
- Yonkers family outraged after dog mauled by pit bull 22 min ago
- Suspect charged in shooting of Brooklyn teen
18 min ago
- Suspect identified in attempted baby...
35 min ago
- New York City Department of Education
- Independent Schools Admissions Association
- Inside Schools
- After-School Association
- New York State Dept. of Education
- New York Office of Teaching Initiatives
- United Federation of Teachers
- New Jersey Department of Education
- New Jersey Commission on Higher Education
- New Jersey Education Association