New York: Mayor Michael Bloomberg announced at a press conference on Monday that seven proposals to build an engineering and technology campus in New York City were submitted to the city by a total of 17 universities. Among the seven proposals IIT Bombay and Amity University are from India who are in the race.
Few media agencies are of the opinion that Cornell and Stanford Universities were the front-runners in the competition. Bloomberg, however, said that the city had not yet ruled out the possibility of choosing more than one winner, saying it would be a wonderful opportunity if multiple universities had the chance to build a campus in the city.
The city originally estimated that the campus would generate $6 billion in economic activity and $1 billion in tax revenue for the city in the next 35 years. However, at Monday’s press conference, the strength of the proposals indicated that the city’s original estimates were conservative, Bloomberg said.
“All of them are stronger than what we ever could have possibly imagined,” he said. “These proposals are all serious and all attractive.”
The seven proposals will be evaluated by the city as well as an advisory committee over the next several weeks, with selection now expected in January. After selection and a period of negotiation, the project could break ground as early as next year, according to a press release from the New York Economic Development Committee.
“In the coming weeks, we are going to closely evaluate all the proposals, working with our advisory committee, who are leaders in the public sector and the private sector and academia, and will simultaneously be negotiating with respondents to get the best outcome for the city and for its residents,” said Seth Pinsky, president of the New York City Economic Development Corporation.
Cornell is partnering with The Technion – Israel Institute of Technology to develop a 2 million-square-foot, $1 billion applied science and engineering campus on Roosevelt Island.
The University declined to comment Monday, citing instructions by the city to avoid commenting publicly after the deadline for proposals.
Cornell and Stanford University have been identified by several media sources as the front-runners in the competition. Stanford is collaborating with the City College of New York to construct a 1.9 million-square-foot, $2.5 billion engineering and entrepreneurship campus on Roosevelt Island, officials announced Thursday.
In addition to the Stanford and Cornell proposals, Amity University submitted a proposal for Governor’s Island, while Columbia University proposed to build the tech campus as part of its expansion into Manhattanville. A partnership between New York Genome Center, Mount Sinai School of Medicine, Rockefeller University and SUNY Stony Brook offered a proposal for a campus in Midtown Manhattan. A partnership between New York University, University of Toronto, University of Warwick, The Indian Institute of Technology, Bombay, City University of New York and Carnegie Mellon offered a proposal for Downtown Brooklyn. Lastly, Carnegie Mellon University and Steiner Studios submitted a proposal for Brooklyn Navy Yard.
Cornell expects its proposal would take about 30 years to complete.
Last week, the University revealed its campus’ sustainable energy design, which includes four acres of solar paneling and four acres of geothermal wells. The core academic building is expected to qualify for LEED Platinum certification, with the rest of the campus’ buildings reaching LEED Silver or higher levels.
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