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New York

Purdue drops bid for New York applied sciences campus

Purdue University has dropped its bid to build an applied science school in New York City because it found the financial backing coming
from the city for the project insufficient, the Wall Street Journal
reported.

The university, from Indiana, was one of 27 institutions from across the
country and abroad who had expressed interest in building an
applied science campus in the city. The Bloomberg administration has

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said that it will offer up to $100 million for infrastructure upgrades
at the approved campus site, though a new school will likely cost
hundreds of millions of dollars. 
“We had made a pledge that we wouldn’t use any state tax dollars or
student tuition to fund this,” said Chris Sigurdson, a spokesperson
for Purdue. “The money needed to come from other sources, including
New York. The money didn’t look like it was going to add up.”

Other schools still in the running are Cornell University, Stanford
University, New York University and Columbia University. City
officials said they expected more schools would drop out going
forward, but that they were encouraged by the enthusiasm for the
project expressed by other schools. The deadline for institutions to
respond is Oct. 28. [WSJ]