Cornell and Technion Win Bid to Build Groundbreaking New Campus in NYC

Cornell and partner  Technion -- Israel Institute of Technology was announced the winner of a bid to build a groundbreaking new campus in New York City December 9. The creation of an applied sciences and technology campus will spur economic growth, job creation and high-tech entrepreneurship.

According to a Cornell news article, New York City Mayor Michael Bloomberg congratulated the winners at a press conference at Weill Cornell Medical College. Bloomberg expressed, “We believe this new land grant can help dreamers and entrepreneurs from around the world come to New York and help us become the world’s leading city for technological innovation.”

The Cornell-Technion proposal was impressive. It included an enrollment of 2,500 students, 300 faculty and 2 million square feet of state-of-the-art classroom and research space. According to Bloomberg, the campus is expected to generate $23 billion in economic activity over the next three decades as well as $1.4 billion in tax revenue. Additionally, building the campus will create 20,000 construction jobs and 8,000 permanent jobs to operate it. 

For the full article, view the Cornell Chronicle