With the recent bid from the Bloomberg administration to build an applied science campus in NY, Stanford University had been considered the frontrunner in the competition, for which the city first offered monetary incentives more than a year ago. According to a press release from the Stanford news service release this afternoon, that’s no longer the case.
According to BetaBeat, the release says that, “After several weeks of negotiations with New York City, university leaders and the Stanford Board of Trustees have determined that it would not be in the best interests of the university to continue to pursue the opportunity. Stanford was very excited to participate in the competition, and we were honored to be selected as a finalist. We were looking forward to an innovative partnership with the city of New York, and we are sorry that together we could not find a way to realize our mutual goals.”
Though some at the university were very excited about the bid, such as Stanford president John Hennessy, it seems that others in Palo Alto were less enthused. According to BetaBeat, the student body was not a big fan of the bid, as well as others who disagreed with the proposed location of the campus on Roosevelt Island.
With Stanford out of the picture, the likely new frontrunner seems to be Cornell University, which Mayor Bloomberg claimed recently is “desperate to do it.”