Cornell University and Technion-Israel Institute of Technology have partnered to build a $2bn applied science and engineering campus on Roosevelt Island in New York City, US.
Cornell University and Technion-Israel Institute of Technology won a year-long competition launched by New York City to build an engineering campus with a grant of land on Roosevelt Island and $100m-worth of infrastructure improvements.
The proposal from Cornell University and Technion-Israel Institute of Technology beat six competing proposals including one from Stanford University.
"By adding a new state-of-the-art institution to our landscape, we will educate tomorrow’s entrepreneurs and create the jobs of the future," said New York Mayor Michael R Bloomberg.
"This partnership has so much promise because we share the same goal: to make New York City home to the world’s most talented workforce," he said.
The tech campus, which will measure two million square feet, will include classrooms, dormitories and research laboratories to house 2,500 students and about 300 faculty members. The campus will be built on the site of the current Goldwater Hospital, which is scheduled to be shut down in 2014.
The campus development will transform the small island between Manhattan and Queens, which currently houses residential developments.
The new facility will be an eco-friendly campus, generating its own energy through solar panels and geothermal sources.
It will include a solar array that will generate 1.8MW at its daily peak as well as a 400-well geothermal field, which uses the constant temperature of the earth to cool buildings in the summer and heat them in the winter.
The NYC Tech Campus’s academic facilities are expected to include classrooms, laboratories, libraries, teaming areas and lecture halls, as well as start-up incubator and accelerator space.
The open space in the campus will be used for residential facilities and a conference centre, as well as ancillary uses such as retail in support of the faculty, staff and students on the campus.
Before starting construction on Roosevelt Island, the Cornell/Technion partnership plans to open the campus in an off-site location in 2012, with the first phase of the permanent Roosevelt Island home expected to open by 2017.
By 2027 the campus will have expanded to over 1.3 million square feet.
The Atlantic Philanthropies and its chairman Chuck Feeney have donated $350m to support the construction of the new campus.
According to estimates, the project will generate more than $23bn in overall economic activity over the next 30 years.