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New York City to Offer ‘Prime’ Land and $100-Million in Costs for Science Facility

Mayor Michael R. Bloomberg of New York has now specified how much the city is willing to spend to attract proposals, from universities and other organizations, to build an applied-science research facility. In a speech today at a business conference, the billionaire mayor said his government would provide “prime New York City real estate—at virtually no cost—plus up to $100-million in infrastructure upgrades, in exchange for a university’s commitment to build or expand a world-class science and engineering campus here in our city.” The announcement, detailed in a request for proposals released today, spelled out in somewhat more detail Mr. Bloomberg’s original proposal, in December, which has drawn the interest of more than two dozen universities and other organizations, in the United States and abroad. A winning proposal and location will be picked by the end of this year.

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