Subsidy Tracker Individual Entry
applied sciences campus on Roosevelt Island
The subsidy estimate came from: Richard Perez-Pena, "Environmental Features in Science Campus Plans," New York Times, October 24, 2011. The jobs and investment projections as well as additional details on the project were contained in a December 19, 2011 press release issued by Mayor Michael Bloomberg; online at http://www.nycedc.com/press-release/mayor-bloomberg-cornell-president-sk...
New York City chose a consortium of Cornell University and Technion-Israel Institute of Technology to build a two-million-square-foot applied science and engineering campus on Roosevelt Island. The city provided a $100 million grant for construction and infrastructure costs as well as making available land worth several hundred million dollar through a 99-year lease with an option to purchase the land at the end of the term for $1.