This article is from the archive of our partner .

Stanford surprised some today by withdrawing a bid to open a tech campus in New York City. They were one of a few schools who have submitted proposals to Mayor Bloomberg, who is hosting a little competition to provide funding and real estate to a university with the best proposal for opening a new campus. Cornell and New York University are still competing, but Stanford being prestigious and already well positioned in the tech world, it was a pretty big contender to win the bid before today. And they'd pursued their bid pretty hard until now, hoping to put over $1 billion into the project. BetaBeat speculates on some of the reasons for the sudden withdrawal:

the proposal was not popular with everyone in Palo Alto, most notably the student body. There were also disagreements over the proposed location —Roosevelt Island — and other facets of Stanford’s application.

And Crain's New York notes that it's a loss for the city officials promoting the project, writing, "In response, city officials did not concede what must be their severe disappointment in losing such a prestigious applicant." Most reports say this news makes Cornell the odds on favorite to win the campus. 

This article is from the archive of our partner The Wire.

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.