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December 19, 2013

Dignitaries Sign Historic 99-year Lease in NYC

Technion President Peretz Lavie spoke at New York City Hall just before the signing of the lease.

In a ceremony held today at City Hall in Manhattan, Technion President Peretz Lavie joined New York City Mayor Michael R. Bloomberg, Cornell University President David J. Skorton and other dignitaries in the execution of a historic 99-year lease between the City and Cornell paving the way for construction of the Cornell NYC Tech campus (home of the Joan and Irwin Jacobs Technion-Cornell innovation Institute) on Roosevelt Island. The announcement comes two years to the day after Cornell and the Technion were announced as the winners of New York City’s Applied Sciences NYC competition.

The lease signing makes possible the campus groundbreaking in January, with the first phase of the campus scheduled to open in 2017.  New details and renderings for the first phase of the full campus were also released today.

To read the full news release issued by the City of New York, click here.

To view the new renderings of the campus, click here.

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