Monday June 17, 2019

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Stanford Explains Reason Why it Withdrew Bid for NY Applied Science Campus

Stanford University

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As Stanford University withdrew its bid to build an applied science campus in NY last month, there was much initial speculation of why the campus (that seemed to enjoy frontrunner status) did so. According to a press release from the school on December 27th, NY introduced building regulations and timeline penalties that the University could not agree to. The release, which was referenced in a recent article this week in the Stanford Daily,  went on to say that these “additional requirements increased the risks and costs for Stanford and decreased the potential benefit.” Stanford had spent $3 million on their proposal to the city for the new campus.

“We were very much hoping for a successful outcome, but it became apparent that there were areas where the city and University were not going to agree. Beyond the academic part of the proposal, the project involved numerous land use, real estate, zoning, construction timetables with significant penalties and other details,” the Stanford release said.

Stanford Daily