The Real Deal New York

Michael Bloomberg donates $100M to Cornell campus

First phase expected to open in 2017

June 16, 2015 12:00PM

From left: Rendering of the Cornell campus on Roosevelt and Michael Bloomberg

From left: Rendering of the Cornell campus on Roosevelt (credit: Skidmore, Owings & Merrill) and Michael Bloomberg

Former Mayor Michael Bloomberg is donating $100 million to Cornell University’s tech campus on Roosevelt Island.

The money will pay for the first phase of the roughly $2 billion campus, which will include the self-sufficient Bloomberg Center, Crain’s and Bloomberg News reported. The first phase of the project is expected to open in 2017.

Bloomberg brokered the deal with Cornell and the Haifa-based Technion-Israel Institute of Technology in 2011 to build the new campus on city-owned land. Skidmore, Owings & Merrill are designing the project.

When completed, the campus will span roughly 12 acres and house 2,o00 students as well as multiple hundreds faculty members and staffers, the website reported. [Crain’s] and [Bloomberg] — Claire Moses