Five University Teams Bid for New Research Campus in New York City

28 October 2011 4:58 pm

New York City today received bids from at least five university-based teams to build a science and engineering center in the city.

In July, Mayor Michael Bloomberg announced that he would put up $100 million in seed money and land for universities and corporations willing to invest in a facility aimed at turning the metropolis into a high-tech hub similar to Silicon Valley. An economic analysis conducted earlier this year suggested that such an institute could generate as many as 30,000 jobs in the metropolis.

Eighteen partnerships representing 27 public and private groups initially expressed interest in the project. Although city officials would not comment on how many bids were received by today's 4 p.m. deadline, five groups announced that they had jumped into the ring. Three of the teams are led by New York state-based private institutions: Cornell, Columbia, and New York universities. All have multiple partners from academia and industry. The other two groups are led by Stanford University in Palo Alto, California, and Carnegie Mellon University in Pittsburgh, Pennsylvania, which is additionally partnering with NYU in its proposal. Bloomberg is expected to announce his pick by early 2012 and has said he hopes the winner will break ground on the new facility before he leaves office in 2013.

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