Michael Bloomberg, the former mayor of New York, has donated $100m towards Cornell University’s technical school project.
The new campus will cost $2bn in total, and one of the new academic buildings will bear the name of the billionaire founder of Bloomberg news.
David Skorton, president at Cornell, said: “While New York had already demonstrated itself to be a leader in finance, media, entertainment, tourism and biomedical science, the one area in which it lacked pre-eminent status was in the field of applied sciences and engineering. The significance of the mayor’s vision and donation is that he has helped bring to life a campus that will produce entrepreneurs to create the jobs and businesses that will fuel the city’s future economy.”
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