[spectre] (fwd) ART iT article: Is the ICC (Tokyo) closing? [u]

[Geert Lovink [c]]

(location, location, location, and cheap, cheap, cheap, two real estate 
mantras--is that the solution, really?)

RESEARCH CENTER COMING TO NEW YORK

A real estate company based in California will build a research park in
New York City with the hope of attracting scientific and biomedical
companies that are routinely spun off from colleges and universities in
the city. The city's academic institutions consistently produce
start-up companies in biotech fields, but few remain in the city,
instead settling in less expensive areas such as New Jersey and
California. Despite years of efforts at creating such a research park,
previous proposals have been abandoned because developers were
reluctant to commit to such a project without guaranteed tenants.
Officials from Alexandria Real Estate Equities said projects like this
one rarely have tenants before the facility is built. Construction is
expected to begin next year, and companies can start moving into the
research park in 2008.

New York Times, 11 August 2005 (registration req'd)
http://www.nytimes.com/2005/08/11/nyregion/11bio.html