Construction Of Cornell Tech Roosevelt Island Campus Will Begin In January 2014
Exactly two years after Cornell and the Technion-Israel institute of Technology were named winners of the Applied Sciences NYC competition, Mayor Bloomberg, Cornell University President David J. Skorton, and Technion-Israel Institute of Technology President Peretz Lavie formally signed the 99-year lease that will transfer12 acres of Roosevelt Island to Cornell Tech. This makes way forconstruction of the campus to begin in January.
Renderings for the innovative, two million square foot campus can be found on the Cornell website, that reveal how the physical campus will be designed to support innovation and technology. According to the Mayor's press release, the first classrooms are expected to open in 2017. Cornell Tech will confer graduate degrees and conduct research that drives technology, innovation, and commercialization toward the creation and retention of businesses and jobs in NYC. As the first of four projects born out of the Applied Sciences competition, Cornell Tech represents one of the most ambitious and forward-looking economic development projects.
When completed, Cornell NYC Tech alone will double the number of graduate engineering faculty and students in the city, and increase the number of engineering Ph.D. students by 70%. Over the next 30 years, Applied Science NYC campuses altogether are expected to generate $33 billion in economic activity, spin off 1,000 companies, and create 48,000 jobs. In line with one of the Applied Sciences goals to stay involved in the community, Cornell NYC Tech launched a partnership with NYC's public schools and intends to work closely with schools in developing STEM-oriented after-school programming.
Learn more about the four Applied Sciences NYC projects including Cornell Tech, 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 in the Brooklyn Navy Yard.
As Mayor Bloomberg tweeted, "we are working to maintain NYC's position as the global capital of tech innovation. Cornell Tech is a central part of the plan to achieve that." We're honored and humbled be a part of it.