Israeli College, Cornell Will Build N.Y. Tech Center
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 was set to announce Monday that the schools’ proposal had been selected in the multi-billion-dollar competition, according to a person familiar with the decision who spoke on condition of anonymity because the announcement has not yet been made.
The city is not ruling out the possibility that another of the proposals will also be approved later on, the person said.
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.
For more, go to Haaretz.com
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
