Michael Bloomberg donates $100M to Cornell campus

First phase expected to open in 2017

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

Sign Up for the undefined Newsletter

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