New York City Mayor Michael Bloomberg awarded New York University (NYU) public land in downtown Brooklyn Monday to build an applied sciences campus. NYU is the second winner, following Cornell in December, in the mayor’s competition granting city money to boost the New York’s technology sector.
After Stanford withdrew from the competition for a tech campus in New York, administrators and faculty maintain that the $3 million Stanford spent on the proposal was not wasted, and that Stanford gained much valuable experience from the venture.
Stanford withdrew its bid for a New York applied sciences and engineering campus because the city repeatedly revised the terms of its offer and could not be trusted as a reliable partner, said Stanford administrators, responding to media reports that Stanford was not adequately prepared for the tough negotiation style of New York officials.
Critics of a study published last December by the Stanford Institute for Economic Policy Research (SIEPR) — which concluded that the state of California has underfunded pensions for government employees anywhere between $142.6 billion and $498 billion — have recently questioned the academic integrity of SIEPR, accusing the nonpartisan economic research organization of being partial to corporate sponsors.
A Stanford contingent, including President John Hennessy, traveled to New York City late last week to interview with NYC officials regarding Stanford’s bid for Applied Sciences NYC. Stanford spokeswoman Lisa Lapin confirmed the trip, but declined to comment further due to the City’s request that participants not discuss their proposals or the process until a winner is selected.
Stanford University submitted its proposal today to build a $2.5 billion, 1.9 million square-foot graduate school of applied sciences and engineering in New York City. If the New York City Economic Development Corporation (NYCEDC) selects Stanford’s proposal, the city will grant the University land on Roosevelt Island and $100 million to develop its campus over the next 30 years.
Stanford University, the City University of New York (CUNY) and City College of New York (CCNY) announced Tuesday morning the creation of “Stanford@CCNY,” a joint venture serving as an East Coast test site for Stanford’s undergraduate program in entrepreneurship, technology and related areas.