Cornell University's $2 Billion Campus Fuels N.Y.C. Search for Tech Jobs
Published: Dec 21, 2011
Broad sloping buildings roofed by solar panels and swaddled in plants that filter storm water will rise on an island in New York's East River. That's Cornell University's vision for a new applied- sciences campus in New York City. The school was named yesterday as the winner of a competition set up by the city to build a facility for job-spinning engineering research -- the way Stanford University has helped seed innovation in Silicon Valley. The question now is whether the project will run counter to the trend for spinoff jobs to flee the city for suburbia. Seven proposals involving 15 universities were considered. Cornell's bid was bolstered by the announcement last week of an anonymous $350 million gift to the university for the project.