Location, Location, Location?

bridges vol. 9, April 2006 / Guest Commentaries on the Institute of Science and Technology - Austria
by Maria Christina Binz-Scharf

What appears to be the single most important asset in the New York real estate market should not be nearly as dominant in discussions about a scientific institution: its location. Ever since the Austrian Minister of Education, Elisabeth Gehrer, announced in January that the planned "Institute of Science and Technology - Austria" (ISTA) would be established in Gugging, all other concerns about the ISTA seem to have been relegated to the back burner. The location argument is now seriously endangering the success of the whole project, to the point that its initiator, the physicist Anton Zeilinger, has withdrawn from the project, leaving the ISTA without a scientific director.

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