Magazine article ASEE Prism

If You Can Make It There

Magazine article ASEE Prism

If You Can Make It There

Article excerpt

The race is on. Seven proposals involving 1 7 institutions from three continents are vying to open a new engineering and applied science graduate school in New York. Mayor Michael Bloomberg's gambit.The city would provide around $300 million worth of land, plus $100 million in subsidies, to the winning proposal.The competition's goal is the nearly instant creation of a top-tier school to help transform the Big Apple into Silicon Valley East, spin off new companies and industries, and create a lot of high-paying, high-tech jobs. Most of the submissions came from partnerships or consortia proposing to invest $800 million to $2.5 billion. Stanford University partnered with City College of New York in the $2.5 billion proposal. Cornell University joined with Technionlsrael Institute of Technology. One proposal came from six schools: New York University, the Universities of Toronto and Warwick, the Indian Institute of Technology, Bombay, City University of New York, and Carnegie Mellon. …

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