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U of T contributes to New York's push for academic excellence
john lorinc
From Friday's Globe and Mail
Published Thursday, Oct. 27, 2011

The University of Toronto has joined a team of international schools to make a bid to build a $450-million urban sciences campus in Brooklyn, N.Y.

The deal includes a promise of city-owned land and $100-million in seed capital. It is part of an ambitious plan by New York’s Mayor Michael Bloomberg to develop a world-class engineering and research commercialization facility. ...Mr. Bloomberg, with his trademark alacrity, wants shovels in the ground by 2013, when he leaves office. “The sense of urgency comes directly form the mayor,” said Seth Pinsky, president of New York’s economic development agency. “We have a limited window of opportunity.”

The radical economic development scheme, considered by many to be the mayor’s legacy project, is expected to generate $6-billion in spin-off investment and create 30,000 creative-class jobs in coming decades.

Mr. Pinsky describes the strategy as “an Erie Canal moment,” a reference to a controversial 1820s decision by a state governor to build an upstate shipping channel. The investment that drove vast wealth into the port of New York....“It may be the single most transformative investment of the Bloomberg administration,” said Richard Florida, director of the Martin Prosperity Initiative at the University of Toronto. “I only wish more cities would think that way.”

With large Canadian universities stuffed to capacity and some provinces considering new campuses, New York’s experiment is a game-changing wealth-generating strategy and ups the ante for big cities like Toronto and Vancouver, said Dr. Florida. “If you see a place like New York moving in this direction, you’ve just seen your biggest competitor take a big step ahead.”
uToronto  Colleges_&_Universities  New_York_City  Michael_Bloomberg  John_Lorinc  urgency  transformational  Erie_Canal  windows_of_opportunity  Richard_Florida  upstate  game_changers  economic_development  wealth_creation  cities  creative_class  the_single_most_important  Martin_Prosperity_Institute 
october 2011 by jerryking
On the Road: Where the Erie Canal Started - City Room Blog - NYTimes.com
January 1, 2010, 7:30 am
On the Road: Where the Erie Canal Started
By SEWELL CHAN

* See also Bernstein, Peter L. (2005). Wedding of the Waters: The Erie Canal and the Making of a Great Nation
books  canals  Erie_Canal  infrastructure 
january 2010 by jerryking

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