Michael Bloomberg To Donate $100M To Cornell Tech!!

FOR SPECIAL SECTIONS -- Commercial Real Estate 10/21 -- College Construction -- Cornell Tech -- name of the school is Cornell Tech (not Cornell NYC Tech or Cornell Technion). The renderings are of the first phase of the campus on Roosevelt Island that is due to open in 2017. (CREDIT: Handel Architects) — FOR SPECIAL SECTIONS — Commercial Real Estate 10/21 — College Construction — Cornell Tech — name of the school is Cornell Tech (not Cornell NYC Tech or Cornell Technion). The renderings are of the first phase of the campus on Roosevelt Island that is due to open in 2017. (CREDIT: Handel Architects)

After winning the 2017 bid to build a tech campus on Roosevelt Island, Cornell & co-partner Technion-Israel Institute of Technology have learned that they will be receiving a hefty donation from Billionaire Michael Bloomberg. According to The Observer, Bloomberg Philanthropies will be donating $100 Million, one of the largest single donations ever recorded to the prestigious Ivy League. This act is said to be in effort to help attract more tech-based jobs to the city of New York. As an ex-politician and founder of Bloomberg L.P., one can only imagine how Cornell Tech will one day “return the favor” for such a shrewd businessman like Michael Bloomberg. The tech campus is said to be approximately 12 acres and consist of 2,000 students when finished.

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