Google becomes landlord to CornellNYC Tech during 5-year deal set to encourage engineering
Google’s CEO Larry Page announced today that Google will lend a mammoth section of its New York headquarters to CornellNYC Tech, while the Ivy-league university finishes construction on its Roosevelt Island campus.
New York City’s Mayor Michael R. Bloomberg, Cornell President David Skorton, and Technion’s Director Craig Gotsman revealed the allocation this morning and explained the gesture helps Cornell to work within a stone’s throw of the world’s top tech companies, startups, and entrepreneurs.
“I’m passionate about breaking ground in science and engineering because technology has driven many of the advances humankind has made,” said Page in a public statement. “But we still don’t have enough people working in these areas. It’s why I am tremendously pleased that Google is giving Cornell the office space to get their new engineering university up and running in New York City.”
According to the presser, the arrangement between the parties is a direct commitment aimed at fostering tech talent in New York City. Google will first provide Cornell with the large office space on July 1, 2012 at no cost for “5 years and 6 months or until the completion of Cornell’s campus on Roosevelt Island.”
Cornell can also expand the space to 58,000 square feet over five years.
The full press release is below.
