NEW YORK CITY-Cornell University has been selected as the winner of the city’s coveted Applied Science NYC initiative for a new high-tech and bioscience campus on Roosevelt Island, a spokeswoman for Mayor Michael Bloomberg confirms to GlobeSt.com. A press conference will be held at New York-Presbyterian/Weill Cornell Medical Center at 2:30 p.m. where Bloomberg will make an official announcement regarding the details of the plan.
The deal comes three days after Stanford University dropped out of the race due to a lack of mutual goals between the city and the school. Shortly after, Cornell announced on Dec. 16 it will invest $350 million in the establishment of the campus.
“Our entire community has come together, in a way that happens only so often in an institution's history, with winning ideas, energy and the creativity that the Mayor's challenge deserves,” says Cornell president David J. Skorton, in a statement.
The project comes on the heels of the city’s role as an increasingly important player in the technology and bioscience industries, Skorton says. “Our vision is to build a 21st century campus that will fuel the city's growing tech sector and spur the creation of new businesses and new industries for decades to come," he says. "Our proposal for a multidisciplinary institution combining world class applied science research, entrepreneurship and commercialization will accelerate New York City's transformation into a world leader in technology innovation.”
After a request for proposals was issued in the summer, several universities including Rensselaer Polytechnic Institute and many other colleges were are also vying for space at the Goldwater Hospital Campus on Roosevelt Island, the Navy Hospital Campus at the Brooklyn Navy Yard and Governors Island.
After releasing the RFP, the New York City Economic Development Corp. projects that over the next 35 years, the project will generate an estimated $6 billion in overall economic activity across the five boroughs, create 22,000 permanent jobs, 7,700 construction jobs and approximately $1.2 billion in direct and indirect taxes for the city.
Please check GlobeSt.com for more information about the plan tomorrow morning.
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