Columbia University announces new science school

Columbia University

Columbia University (Credit: A new science building is coming to Columbia University's campus. (Getty))

The city will be creating more space to attract brainiacs to the Big Apple.

The mayor and Columbia University announced Monday a new addition to its Morningside Heights Campus, a 44,000-square- foot building that will house a new science center.

When completed in 2016, the Fu Foundation School of Engineering and Applied Sciences will help enhance the city's reputation as an tech-friendly metropolis and generate $4 billion in revenue, according to Mayor Michael Bloomberg.

"This historic partnership is the newest element in the applied sciences initiative that is, by far, the largest and most far-reaching economic development effort city government has undertaken in modern memory," he said in a statement.

The city will give Columbia $15 million in financial assistance and the school will hire 75 science-based faculty members over the next 15 years.

The institute will feature five centers of focus: new media, smart cities, health analytics, cybersecurity and financial analytics.

Bloomberg has been pushing for a bigger science presence in the city and awarded a contract to Cornell University to set up a science campus on Roosevelt Island in 2017.

Graduate students taking part in the Cornell program will start their classes this fall in a special space at Google's Chelsea offices.

Tags: NEWS , Michael Bloomberg , Columbia University , Cornell University , Google , EDC , Ivan Pereira , ARTICLE , AMNY , HOLD

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