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http://it.themarker.com/tmit/article/17862
.On December 19, 2011, a bid by a consortium of Cornell University and Technion won a competition for rights to claim free city land in New York City, as well as $100 million in subsidies to build an engineering campus in the city. The competition was established by New York City Mayor Michael Bloomberg in order to increase entrepreneurship and job growth in the city's technology sector. The winning bid consisted of a 2.1 million square feet state-of-the-art tech campus being built on Roosevelt Island, which will have its first phase completed by 2017, with a temporary off-site campus opening in 2012
http://it.themarker.com/tmit/article/17862