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Stanford University – one of the institutions in the running to build an applied sciences campus in New York City – has withdrawn its application, the school announced in a statement.

“After several weeks of negotiations with New York City, university leaders and the Stanford Board of Trustees have determined that it would not be in the best interests of the university to continue to pursue the opportunity,” the statement read.

Stanford was one of two schools – Cornell University being the other – which if chosen planned to build the campus on Roosevelt Island.

“The university could not be certain that it could proceed in a way that ensured the success of the campus,” said Stanford’s President John Hennessy.

A university is expected to be selected in January.  The candidates include Amity University, Carnegie Mellon University, Columbia University, Cornell, New York University and New York Genome Center/Mount Sinai School of Medicine/Rockefeller University/SUNY Stony Brook.

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