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Tech Campus Cash Infusion

Former New York Mayor Michael Bloomberg has given $100 million toward a tech campus in the city, the Verge reports.

While in office, Bloomberg chose Cornell University and the Technion-Israel Institute of Technology to spearhead a science graduate school on Roosevelt Island as part of a bid to raise the city's scientific profile. In 2011, Cornell said it had received a $350 million gift toward the endeavor and the city was providing $100 million for infrastructure upgrades.

Bloomberg says this new infusion of cash is "a gift to support a brighter future for our city."

The Verge notes that the 12-acre campus won't be fully built until 2043, though parts are supposed to open in 2017. In the meantime, there is a temporary Manhattan site.