New York City Mayor Michael Bloomberg is to announce that Cornell University has been chosen to develop a science graduate school in the city, reports The New York Times. Cornell's proposed campus includes 2.1 million square feet — at a cost of more than $2 billion — with space for classrooms, a conference center, housing, and labs. Further, Cornell recently announced a gift of $350 million to help fund the project, while the city is to put up $100 million for infrastructure improvements, the Times adds. The campus is to be located on Roosevelt Island.
Stanford University had been seen as the top contender, but "balked at meeting some of the city's conditions during negotiations in recent weeks" and left the competition," the Times reports.
Bloomberg may pick other winners.