Stanford Proposes NYC Engineering Campus

Stanford University today submitted a proposal to partner with New York City to build a $2.5 billion applied sciences and engineering campus called StanfordNYC.

Stanford is commiting an initial $200 million to the proposal for a 30-year campus development on Roosevelt Island focusing on graduate-level teaching and research, according to an e-mailed statement. If selected by New York City, Stanford said it would start a $1.5 billion, 10-year fundraising campaign to finance the new campus.

To contact the editor responsible for this story: Stefanie Batcho-Lino at sbatcholino1@bloomberg.net

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