Cornell University said that it has received an anonymous $350 million donation to back up its bid for a proposed engineering campus in New York City. The announcement came just hours after Stanford University said it was withdrawing from the competition. “I am thankful and proud that this extraordinary individual gift will support Cornell’s goal to realize Mayor Michael Bloomberg’s vision for New York City,” Cornell president David Skorton said yesterday.
Cornell and the Technion Israel Institute of Technology, have put forward a 2 million sq. ft. campus for 2,000 students on Roosevelt Island, one of the sites offered by the city. Bloomberg has offered universities worldwide the chance to compete for a new engineering campus on city-owned land. New York will contribute $100 million for infrastructure improvements at the site.
Ithaca's Cornell, and Stanford as well as 13 other universities are taking part in Bloomberg’s competition for a New York engineering school that will generate new companies and jobs. Stanford withdrew after negotiations with the city failed.
Published by Globes [online], Israel business news - www.globes-online.com - on December 18, 2011
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