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
Local

Drive charged in fatal hit and run, police…

The NYPD has arrested a man they say is responsible for a fatal hit and run in Manhattan last weekend. Doohee Cho, 33, was hit…

Local

Mayor de Blasio raises minimum wage for some…

Mayor Bill de Blasio signed an executive order Tuesday morning that will raise the minimum wage for workers employed by private companies that receive more…

National

3 myths about the working poor

Linda Tirado works to debunk some common stereotypes about the working poor in her new book, "Hand to Mouth."

Money

Lawsuit funding advances: friend or foe?

Reporter was commissioned to write this in-depth article Many plaintiffs awaiting resolution of their lawsuit or legal claim often find themselves in a tricky financial…

Going Out

Which NYC restaurant lost its three-star Michelin rating?

A record 73 restaurants in New York City collected coveted Michelin stars on Tuesday as a mix of trendy spots and fine-dining stalwarts underscored the…

Entertainment

Interview: Metro chats with filmmaker Meir Kalmanson, man…

A New York filmmaker hands out smiles to its residents.

Television

TV watch list, Tuesday, Sept. 30: 'Selfie,' 'Utopia'…

'Selfie' This modern day take on the "My Fair Lady" story stars John Cho in the Henry Higgins role. Perhaps instead of "the rain in…

Music

Can't-miss weekend events continue to attract the masses

Reporter was commissioned to write this in-depth article Earlier this summer, the Firefly Music Festival drew crowds of tens of thousands of people to Dover, Delaware.…

MLB

Mets 2014 report card

The Mets wrapped up their eight straight season without a playoff appearance last weekend. Needless to say, they fell a bit short of general manager…

NFL

NFL Power Rankings: Cowboys, Packers, Ravens, Chargers climb

NFL Power Rankings: Cowboys, Packers, Ravens, Chargers climb

NFL

Ryan Quigley making a big impact for Jets…

Ryan Quigley, now in his second year as the Jets punter, had an exceptional afternoon with six punts for an average of 51.7 yards per punt.

NFL

3 positives to take from Jets loss to…

The Jets suffered another loss Sunday — 24-17 to the Lions — but the reason why it hurts so much for Jets fans is that…

Style

Products that support breast cancer awareness and research

Asics GT-1000, $100 Asics’ third pink collection in collaboration with Christina Applegate’s Right Action for Women includes this pink-accented version of its best-selling GT-1000 3…

Wellbeing

Dr. Marisa Weiss: Where we stand on breast…

As an oncologist and a survivor herself, Dr. Marisa Weiss knows the urgency felt by those diagnosed with breast cancer. Genetic testing has accelerated the…

Wellbeing

Bees' stingers hold new hope for cancer cure

A promising new lead in the search for a cancer cure has turned up in a place that most people naturally avoid. A team from…

Home

Emily Henderson on small space design

Design expert Emily Henderson shows us how to upgrade our cramped quarters.