Stanford proposes to build NYC campus

Stanford University (AP Photo)

March 18, 2011 1:14:43 PM PDT
Stanford is proposing to build a research and engineering campus on Roosevelt Island just east of Manhattan.

The complex could cost $1 billion, house up to 2,200 graduate students and offer full graduate degrees.

New York Mayor Michael Bloomberg asked leading institutions to submit ideas for science and engineering centers hoping to attract more tech firms. Stanford's proposal is called Stanford University and New York City Silicon Valley 2.