Rendering Courtesy of Cornell University The Cornell-Technion team will receive a 99-year lease and $100 million in city funding to help with building and related costs of the campus. New York City is on its way to becoming the "world's capital of technological innovation" with the selection of Cornell University and its partner Technion-Israel Institute of Technology to build a state-of-the-art applied sciences campus, says NYC Mayor Michael Bloomberg. The Cornell-Technion team's proposal for an 11-acre, $2-billion-plus campus on Roosevelt Island beat out several other proposals under the mayor's Applied Sciences NYC initiative, which aims to boost the city's global
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.