Bloomberg officially transfers 12 acres of Roosevelt Island to Cornell Tech

slide-cornell_tech_campus_4
A rendering of the Cornell campus planned for Roosevelt Island.
Credit: Cornell University

Mayor Michael Bloomberg officially signed over 12 acres of city land to Cornell Tech under a 99-year lease on Thursday, allowing for groundbreaking on the Roosevelt Island campus to begin in January.

The first classrooms are set to open in 2017. Construction of the entire 2 million square-foot campus, which will house approximately 2,000 students and 280 faculty and researchers, will be completed in 2043.

“Our goal has been to make New York City the global capital of technological innovation, and this new campus on Roosevelt Island is a central part of our strategy for achieving it,” Bloomberg said.

“It is one of the most ambitious and forward-looking economic development projects any city has ever undertaken, and it’s going to help add thousands of new jobs to our economy in the decades ahead,” he added.

Thursday’s ceremony marked exactly two years since Cornell University and partner Technion-Israel Institute of Technology were announced the first winners of the Applied Sciences NYC competition. Launched in 2010, the initiative was created to bring applied sciences and engineering campuses to the city.

The Roosevelt Island campus will sit just south of the Ed Koch Queensboro Bridge, currently the site of Coler-Goldwater Specialty Hospital and Nursing Facility. Patients were moved to a new facility in Harlem last month.

Cornell Tech classes already began this fall in space donated by Google at its headquarters in Chelsea.

The three other Applied Sciences NYC campuses are The Center for Urban Science and Progress in Downtown Brooklyn, The Institute for Data Sciences and Engineering at Columbia University and Carnegie Mellon University’s Integrative Media Program at Steiner Studios.

According to the mayor’s office, the schools are expected to generate more than $33.2 billion in nominal economic activity, over 48,000 permanent and construction jobs and approximately 1,000 spin-off companies by 2046.


News
Entertainment
Sports
Lifestyle
International

Jews in eastern Ukraine ordered to register, Kerry…

Secretary of State John Kerry condemned reports that Jews in eastern Ukraine had been ordered to register with the authorities "or suffer the consequences."

National

Chelsea Clinton pregnant with first child

Chelsea Clinton is pregnant with her first child.

National

Divers struggle in search for South Korean ferry…

By Jungmin Jang and Narae KimMOKPO/JINDO, South Korea (Reuters) - Rescuers struggled with strong waves and murky waters on Thursday as they searched for hundreds…

National

New Hampshire moves to decriminalize adultery

For the first time in hundreds of years, it's about to be legal to cheat on your spouse in New Hampshire.

Television

Dick Wolf to bring fictionalized world of 'Law…

A&E has ordered a pilot called "D.O.A." from "Law and Order" mastermind Dick Wolf that will focus on real detectives reexamining cold cases. A trio…

Movies

Review: 'Transcendence' is not stupid but sometimes lacks…

The cyberthriller "Transcendence" explores artificial intelligence, nanotechnology and other ethical quandaries, but has too much ambition, if anything.

Television

Shane West talks WGN America's 'Salem'

The actor on history lessons, a new network and showing his butt.

Music

Both feet on the ground with Aimee Mann…

What began with a cool double-bill of Ted Leo opening for Aimee Mann morphed into a full-fledged collaborative project that they're calling The Both. “There…

Sports

2014 Boston Marathon preview: Elite American, International runners…

2014 Boston Marathon: Elite American, International runners to watch

NBA

2014 NBA Finals odds: Ranking which playoff teams…

2014 NBA Finals odds: Ranking which playoff teams have the best shot at a championship. The Thunder, Clippers, Heat and Rockets lead the way.

NFL

2014 Patriots, full NFL schedule release date announced

2014 Patriots, full NFL schedule release date announced

NBA

Fantasy basketball: Finding next year's NBA studs

Before we put the 2013-14 fantasy basketball season to bed, it’s worth thinking about next year’s breakouts while they’re fresh in our mind.

Style

Light-up nail art syncs with phone

This Japanese technology syncs light-up nail art with your phone.

Wellbeing

Why is dance cardio taking off in NYC?

Instructors at some of the city's hottest classes explain why.

Travel

Earth Day travel in the Florida Keys

See why this eco-friendly destination deserves your attention.

Tech

Sorry, Facebook — FarmVille goes mobile with 'Country…

Zynga has released a version of the hit "FarmVille" tailored for smartphones and tablets in the hope of reaping a bumper crop of players.