2012 & Beyond: Whirlwind Year of Development in NYC

A year of whirlwind of development activity in New York began with Cornell University and Technion-Israel Institute of Technology winning an applied sciences competition in Dec. 2011.

1 World Trade Center in Lower Manhattan. Though two of the five towers lack financing for continued construction, 1 and 4 World Trade Centers are scheduled to be completed in 2013. Amal Chen/The Epoch Times

NEW YORK—A year of whirlwind of development activity in New York began with Cornell University and Technion-Israel Institute of Technology winning an applied sciences competition in Dec. 2011. Cornell won tax-free land and $100 million for a new campus on Roosevelt Island.

Later, through the competition, Columbia University was given $15 million in city assistance for a new data sciences and engineering building, and a consortium led by New York University (NYU) got up to $15 million in benefits for a new applied science center in downtown Brooklyn.