An artist’s rendering of Cornell University’s proposed science and engineering...

An artist’s rendering of Cornell University’s proposed science and engineering campus Credit: An artist’s rendering of Cornell University’s proposed science and engineering campus.

Roosevelt Island, known for its iconic tram and sweeping view of Manhattan's East Side, will get a major makeover courtesy of Cornell University.

The Ivy League school is joining forces with the Technion-Israel Institute of Technology to build a 2 million-square-foot science and engineering campus for grad students, city officials announced Monday. The initiative is part of the Bloomberg administration's goal to turn New York into a tech hot spot to rival Silicon Valley.

"By adding a new state-of-the-art institution to our landscape, we will educate tomorrow's entrepreneurs and create the jobs of the future," said Mayor Michael Bloomberg at a news conference at Weill Cornell Medical College on the Upper East Side.

Cornell-Technion was chosen among seven candidates that made proposals. The campus, which will include student housing, will be built in stages and won't be finished for another 30 years.

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Here are some key stats for the planned site:

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Takeaways from the governor debate ... September home prices fall ... Plays of the week Credit: Newsday

'Forever chemicals' in LI waters ... Takeaways from the governor debate ... AG Letitia James at Newsday ... Trendy Bites: Apple Bay pizza

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