Shalom Life | June 27, 2015

Michael Bloomberg Has Donated $100 Million to Groundbreaking ‘Cornell Tech’ Program

“New York became the greatest city in the world because we dare to dream bigger than anyone else and this project, I think, is part of that tradition”

By: Maya Yarowsky, NoCamels

Published: June 26th, 2015 in Business » World

Photo: Bloomberg speaking at Cornell


Former New York City Mayor Michael Bloomberg broke ground last week at the Cornell Tech high-tech campus – the new applied sciences campus of Cornell University and Israel’s Technion located on Roosevelt Island – together with his successor and current NYC Mayor Bill de Blasio.

After touring the campus site, Bloomberg announced that he would donate $100 million to fund a portion of the construction of the campus’ facilities on the island. As such, the first academic center on the Cornell Tech campus will be called the Bloomberg Center, in honor of Mr. Bloomberg’s two daughters, Emma and Georgina.

At the groundbreaking ceremony, Bloomberg expressed that the establishment has long been a dream of his for the City of New York, “New York became the greatest city in the world because we dare to dream bigger than anyone else and this project, I think, is part of that tradition.” In addition, he expressed that the school is likely to produce “thousands of jobs” for New York, a sentiment that was shared by de Blasio in his comments, “This is how you build a future and it’s happening right before our eyes.”

The new campus will span over 12 acres on the 147 acre island and will include academic buildings, offices and a housing complex for student and staff use. Even the “dorms” at the Cornell Tech campus will be state of the art, marking the first residential high-rise in the world that meets “passive house sustainability standards,” consuming between 60 to 70 percent less energy than typical buildings. The campus is expected to open some time in 2017.

cornelltechrendering

A rendering of the Cornell Tech campus.

Inspired by the Technion?

Cornell Tech was founded in 2011 as a winner of the applied sciences initiative of the New York City Economic Development Corporation, a call-to-action to encourage the development of a lively tech industry in the city. While it awaits the completion of what is set to be an impressive campus on New York’s Roosevelt Island, Cornell Tech students are studying out of Google’s former offices in the hip Meat Packing District in Manhattan. Since 2011, Cornell Tech’s Dean Dan Huttenlocher reports that 100 students have graduated, including 75 in the last month.

This article was first published on NoCamels - Israeli Innovation News and was re-posted with permission. To continue reading this article on the site, click here.

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