page_title: Cornell Tech
section_title: Planning
hierarchical_section_title: Cornell Tech / History / Planning
caption_attribution_description: English: Cornell Tech buildings on Roosevelt Island.
context_page_description: Cornell Tech is a technology, business, law, and design campus of Cornell University located on Roosevelt Island in Manhattan, New York City. It includes the Jacobs Technion-Cornell Institute, a joint academic venture between Cornell and the Technion – Israel Institute of Technology.
  Cornell Tech arose from an economic development initiative of Michael Bloomberg's mayoral administration in 2008. The initiative sought to attract another engineering school to the city in the hope that it would produce entrepreneurial engineers who would in turn start job-creating companies. Seven bids were submitted for the competition, with the administration ultimately selecting Cornell/Technion's bid. As proposed, Cornell Tech would create 28,000 jobs, including 8,000 for academic staff. It would also be able to create 600 companies, leading to $23 billion in economic benefits and an additional $1.4 billion in taxes, during its first three decades of operation.
  Cornell Tech began operations in 2012 at a temporary site, the New York City offices of Google at 111 Eighth Avenue in the Chelsea neighborhood of Manhattan, while a permanent campus was under construction.
context_section_description: In 2008, the administration of then-New York City Mayor Michael Bloomberg recruited Steven Strauss, an American economist and former McKinsey & Company management consultant, to oversee a series of research projects looking at the future of New York City's economy in the context of global economic trends. The analysis concluded that New York had significant opportunities in the high tech sector and recommended a series of initiatives to better capitalize on these developments. These recommendations included, but were not limited to: creation of a string of incubators, an early stage investment fund, NYC Big Apps. The success of these recommendations would hinge upon quality and quantity of technology talent in New York City.
  In response to this recommendation, Mayor Bloomberg launched a competition to build an applied sciences campus in New York City with a focus on entrepreneurship and job creation. In December 2010, the city requested expressions of interest from leading universities. Eighteen universities responded. Next, in July 2011, New York City published a request for proposals for the construction of an applied sciences campus. The winner would receive $100 million and free land; Roosevelt Island, Governors Island, Downtown Brooklyn, and the Brooklyn Navy Yard were discussed as locations.
  Seven formal proposals were submitted. They were the Amity University bid for Governors Island; the joint Carnegie Mellon University and Steiner Studios bid for Brooklyn Navy Yard; the Columbia University bid for Manhattanville; the joint Cornell University and Technion–Israel Institute of Technology bid for Roosevelt Island; the six-way bid of New York University, University of Toronto, University of Warwick, Indian Institute of Technology Bombay, City University of New York, and Carnegie Mellon in Downtown Brooklyn; the four-way bid for New York Genome Center, Mount Sinai School of Medicine, Rockefeller University, and State University of New York at Stony Brook in Midtown Manhattan; and the joint bid for Stanford University and City College of New York at Roosevelt Island. Stanford University and Massachusetts Institute of Technology were favored to win the competition, and when MIT dropped out, Stanford, which had partnered with the City College of New York, became the favorite. Cornell and Technion's joint proposal, combining Technion's reputation as the "MIT of Israel" and Cornell's presence in New York State and its land grant economic development mission, was developed in secret, in a meeting in Beijing and another three day meeting at the Cornell Club in New York City, and it was made public on October 18, 10 days before the submission deadline. The New York City Economic Development Corporation awarded the project to the Cornell/Technion bid in December 2011, after Stanford pulled out of negotiations.
  The Cornell/Technion bid was ultimately chosen because of its detail and scope of benefits, as well as the viability of the partnership between the two bidders. According to Crain's New York, the Cornell/Technion bid promised to create 28,000 jobs, of which 20,000 would be in construction and 8,000 would be those of academics at the campus. The bid would also be able to incubate 600 companies, create $23 billion of economic benefits, and garner $1.4 billion in taxes for the first 30 years of operation. The plan also provided for 200 professors and 2,000 students inhabiting some 2,000,000 square feet (190,000 m²) of campus space. The project was estimated to cost $2 billion to build. Cornell declined to build on potential sites in Brooklyn Navy Yard and Governors Island due to the lack of transit access to either location.
  When plans for the Cornell Tech campus on Roosevelt Island were first publicly announced, there was some opposition from Roosevelt Island residents who disliked that the construction traffic would potentially disrupt the quality of life there, as well as from pro-Palestinian activists. Additionally, there were concerns that the campus's construction might lead to a decrease in the amount of affordable h
caption: The Bloomberg Center, the House, and the Tata Innovation Center
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