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Stanford committed to NYC proposal, Purdue drops bid

University President John Hennessy emphasized Stanford’s commitment to its proposal for a New York City (NYC) applied sciences campus in a recent, joint interview with the Stanford Report, Stanford magazine and The Daily.

The interview came just days before Purdue University dropped its bid this Monday, citing insufficient financial backing from the city. The Bloomberg administration has pledged $100 million so far to help support infrastructure upgrades at the site. However, the Wall Street Journal (WSJ) estimates a new school would cost hundreds of millions more.