From creating the next generation of high-tech entrepreneurs to exemplifying the highest standards of sustainable building, the Cornell -Technion tech campus will bring a number of transformative initiatives to Roosevelt Island.
Hubs: The campus will be organized initially around three interdisciplinary hubs -- Connective Media, Healthier Life and the Built Environment -- meant to encapsulate a wide range of disciplines and designed to evolve over time. The school will immediately offer master's and doctoral degrees in such areas as computer science, electrical and computer engineering, and information science and engineering. After receiving required accreditation, the campus will offer Technion-Cornell dual Master of Applied Sciences degrees.
Green: The campus will be a living laboratory of green building and reduced energy use. Its main educational building, which will be LEED Platinum certified, is planned to be "net-zero energy" -- harvesting as much energy from the site as it consumes. A solar array will generate 1.8 megawatts at daily peak. A four-acre geothermal well field will exceed any current geothermal heating system in the city.
Economics: The project is expected to generate $23 billion in overall economic activity over the next three decades and $1.4 billion in tax revenues. The campus will help create up to 20,000 construction jobs and up to 8,000 permanent jobs. It is also expected to generate nearly 600 spinoff companies over the projection period, which could create up to an additional 30,000 permanent jobs.
Buildout: An aggressive rollout for the campus begins with the first set of students to be installed in the city at a temporary off-site location by 2012. The first phase of the permanent Roosevelt Island home is expected to be completed no later than 2017. The completed campus will encompass 2 million square feet that includes housing for up to 2,500 students and nearly 300 faculty members by 2043.