"As we look to diversify our economy and expand new sectors, it's important to note that commercial bioscience is one of New York's major growth industries, as evidenced by Alexandria's commitment of $700 million to this innovative project," said Bloomberg. "East River Science Park will be a premier research and development center that will enable researchers at our great hospitals and universities to turn their ideas into commercially viable products."
"My Assembly colleagues and I have been acting on our High Technology Agenda for more than a decade, to ensure that when the work of our universities, our hospitals and our scientists results in innovation, the jobs and the economic gain that follow from that innovation accrue to our cities and our state," said Assembly Speaker Sheldon Silver. "The research, development and achievements that I know will occur at the East River Science Park will reduce human suffering and save lives -- and re-affirm New York's global standing as a center for bioscience advancement and opportunity."
The East River Science Park will transform an underutilized parcel of city-owned land on the Bellevue Hospital campus into a world class center for commercial bioscience that will include one acre of public open space. The project is expected to create approximately 2,000 jobs for researchers, technicians and other bioscience professionals, and 1,800 construction jobs. The Center will be built in two phases, the first of which will include two towers of office and laboratory space. The first phase will be completed and allow tenants to begin occupying space in 2009. The site will also include a glass enclosed pavilion between the two towers and contain underground parking facilities, a caf
