NEW YORK (AP) — Cornell University has won the competition to build an applied sciences campus in New York City.
Mayor Michael Bloomberg scheduled a news conference Tuesday afternoon. He’ll 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.
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.