99-Year Lease Signed for Cornell Tech
On Thursday December 19, 2013, 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 transfer 12 acres of Roosevelt Island to Cornell Tech. This makes way for construction of the campus to begin in January.
The sprawling Roosevelt Island campus is expected to open for classes in 2017. Upon completion, the new campus will nearly double the city’s number of full-time, graduate engineering students.