NEW YORK (AP) — Mayor Michael Bloomberg is set to announce that Cornell University has won the competition to build an applied sciences campus in New York City.
A person familiar with the city’s decision says the mayor will announce the selection of Cornell and its partner, the Technion-Israel Institute of Technology.
However, the city is not ruling out the possibility that another of the proposals could be approved later on.
The person spoke on condition of anonymity because the announcement has not yet been made.
Cornell said Friday it had received a $350 million donation for its plan.
The city hopes to spark a boom in technology and science entrepreneurism. The winners will receive nearly-free land and up to $100 million in city improvements.
Seven universities and consortiums submitted bids.