Ken Griffin's $3 billion Carnegie Mellon donation to Miami draws New York business criticism
On October 4, New York business leaders warned, according to the New York Post, that Ken Griffin’s $3 billion donation to Carnegie Mellon University for a new campus in Miami represents a loss for the city amid ongoing debates over a pied-à-terre tax. On September 30, Griffin announced a $3 billion gift to Carnegie Mellon, earmarking $2 billion for a 35-acre campus in Miami’s Wynwood district and additional funding for initiatives at the university’s Pittsburgh campus, Fox Business reported. He also purchased a 30-acre Wynwood parcel from developer Moishe Mana for $1.
1 billion, the largest land deal in Florida history, according to the same outlet. The Miami Herald noted that the $2 billion portion will fund the new campus, aimed at expanding the city’s technology talent pipeline.
