Mayor Michael R. Bloomberg plans to announce on Monday that he has chosen Cornell University to create a new science graduate school on Roosevelt Island, capping an intense yearlong competition in his ambitious bid to spur a boom in New York City’s high-tech sector.
For the mayor, it is a chance to leave a lasting legacy that he hopes will make the city a world leader in computer engineering and transform the city’s economy. For Cornell, it could mean a chance to be the kind of incubator for new businesses — and the lucrative patents that come with them — that Stanford University has been in California and M.I.T. in Massachusetts, and to elevate its already-prestigious engineering and computer science programs to the uppermost ranks.
The announcement, to take place at NewYork-Presbyterian/Weill Cornell Medical Center on the Upper East Side, according to people briefed on the plan, will come three days after Stanford pulled out of the contest, and Cornell announced a $350 million gift, the largest in its history, to help bankroll its proposal.
Speaking on the condition of anonymity because they were not authorized to talk about the matter publicly, those briefed said that Cornell had long before emerged as the front-runner. “It was already very much along the way to this result,” one said.