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New York University Bond Sale Shows Hype Over STEM in City Real

  • University sells $832 million of bonds amid science push
  • Columbia, Cornell, CUNY opening new science facilities
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Cornell University, which is creating a technology campus on Roosevelt Island, isn’t the only school spending millions for science and engineering facilities in New York City.

Columbia University borrowed $50 million in April to finance the construction of a nine-story building that will house a brain-science institute. The City University of New York on May 20 opened a nanofabrication facility, where students and corporations can create extremely small devices, in its $350 million Advanced Science Research Center. New York University joined the spending spree Wednesday, when it sold $832 million of bonds for projects including a 365,000 square-foot medical-school building, an applied science center in Brooklyn and a nanoscience lab.