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
News

Libya seeks ceasefire as south Tripoli a militia…

By Patrick Markey and Aziz El YaakoubiTRIPOLI (Reuters) - Black plumes of smoke marked shell blasts and bulldozed earthen barricades mapped out the frontlines around…

Breaking: News

Russia mad about sanctions, says U.S. contributing to…

Russia reacted angrily on Saturday to additional sanctions imposed by the European Union over Moscow's role in the Ukraine crisis, saying they would hamper cooperation…

National

Mutant worms stay sober, even on alcohol

U.S. researchers have developed "mutant worms" that do not get drunk by alcohol, a breakthrough that could lead to new treatment for people trying to quit drinking

Local

K-9 nose helps capture $150K in cocaine at…

A furry, four-legged security agent helped authorities stop an illegal cocaine shipment from sneaking past JFK customs.

Movies

Review: Brett Ratner's big 'Hercules' movie is small…

The latest "Hercules," starring Dwayne Johnson as the half-god beefcake of Greek myth, strips its hero and tale of most of its fantastical elements.

Arts

Scientists recreate world's smallest Monet copy

Scientists have reproduced a famous Impressionist painting using nano-printing, to create what has been described as the world's smallest work of art. Reworked at the…

Television

Jerry Seinfeld is ambidextrous, and other Reddit AMA…

See some of the weirder highlights of Jerry Seinfeld's recent Reddit AMA.

Going Out

Grab a pedestrian and start dancing at What…

As a New Yorker, I’ve mastered the art of focusing my gaze straight ahead. Though it occasionally piques my interest, the absurdities that play out…

U.S. Soccer

Orlando City takes shot at NYCFC over Frank…

Orlando City reminded the world how big a signing Brazilian star Kaka earlier this month with a photo of Kaka mobbed by fans juxtaposed against Lampard.

NBA

Jeremy Lin says 'Linsanity' is over as he…

Jeremy Lin lit up the NBA two years ago with his play for the Knicks but he has no desire to recreate "Linsanity" in his new career with the Lakers.

NFL

2014 NFL Fantasy Football Top 100 overall player…

2014 NFL Fantasy Football Top 100 overall player rankings

U.S. Soccer

NYCFC announce signing of Frank Lampard

The tease of a big signing Thursday by new MLS side NYCFC ended up being one rumored for weeks. England midfielder Frank Lampard agreed to…

Tech

Forget Wi-Fi: Li-Fi could be the future

Li-Fi technology – developed by Mexican company Sisoft – is wireless internet connectivity using specialized LED light.

Tech

Weather app Climendo might be the most accurate…

The wait for a truly accurate weather forecast could finally be over thanks to a nifty new app called Climendo.

Tech

Napkin Table puts focus off the phone and…

Michael Jan, a design student at Tunghai University in Taiwan, has invented a serviette-picnic blanket hybrid called the Napkin Table.

Style

Essie's new Color Boutique

Essie launches high-tech kiosks at major airports and malls across the country.