Mayor Michael Bloomberg will announce Monday Cornell University the winner of a $100 million competition to build a state-of-the art engineering and applied science graduate school on Roosevelt Island, sources said, DNAinfo.com reports. The decision comes just days after Stanford, considered one of the frontrunners in the race among a handful of elite universities including Columbia and Carnegie Mellon, bowed out of the competition. Shortly after Stanford dropped out, Cornell announced it has received a $350 million anonymous donation to put towards its tech campus efforts…

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