Mayor Bill de Blasio has disclosed development plans for the Applied Life Sciences Campus, to be built at an undetermined site located along the East River, either in Manhattan or Queens. The city is expected to pump $100 million into the project, Commercial Observer reported. The facility would be geared towards research, development, and training in bioengineering. The New York City Economic Development Corporation (NYCEDC) is anticipating to release a request for expressions of interest next year, with a goal to complete the project by 2021.
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