Bloomberg’s Big Push for an Applied Sciences School in NYC
nytimes.com
nytimes.com
Beyond that, the formula of what makes for a thriving tech community isn't entirely clear anyhow. The Valley has Stanford and VC's (and great weather), but there is also little else in the area competing for talent beyond great tech companies. So throwing in a new college/university into Manhattan isn't going to be enough to change things.
Rockefeller University is in the city, and it has fantastic researchers and great educational programs in the biomedical sciences - but you don't see biomedical companies popping up all over Manhattan because of it.
There are plenty of options for those looking for a good college. What NYC and the rest of this country needs is a better K-8 and high school system.
It may be that Bloomberg thinks that he can make a difference with "yet another university" and can't make a difference in the K-12 system.