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Stanford pulls plug on NYC campus idea

Friday, December 16, 2011

imageStanford’s abrupt decision, announced this morning, to pull out of competition to build a science and engineering campus in New York City, is spinning heads. The NYT’s City Room blog says that until Stanford officials sent a statement to reporters about 11 a.m. Pacific time, “there had been no public sign that the university’s commitment to the $2 billion project had wavered.” Cornell was seen as Stanford’s chief rival for the project, announced with great fanfare a year ago.

Add: Stanford President John Hennessy (pictured)), in his statement, says the university’s trustees made the decision to end its involvement this morning.
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