"Technology that will improve our lives and make our lives more pleasurable".
The Bloomberg Building was created to generate as much electricity as it consumes, using over 1,400 solar panels and geo-thermal heating and cooling systems.
"The best inheritance that I can leave my daughters and my grandchildren is a better city and a better world", Bloomberg said at the ceremony.
The victor was a joint application by Cornell University and the Technion in Israel. The campus is built on 12 acres of city land.
Cornell Tech opened its doors Wednesday on Roosevelt Island, marking the completion of the first phase of the school's state-of-the-art facility.
When complete, the campus will include 2 million square feet of buildings and more than 2 acres of open space and house more than 2,000 graduate students and hundreds of faculty and staff.
There are no book-lined faculty offices, nor, it appeared during a recent visit, any books at all.
Right now the school has 300 master's degree and doctorate students.
Cornell Tech Campus Key to Competing With Silicon Valley
The third Cornell Tech building, called the Bridge, is owned by developer Forest City Ratner and will be shared by the school and commercial tenants including, so far, Citigroup and Italian chocolate maker Ferrero, the maker of Nutella.
The idea for the school won a 2011 citywide contest to build a tech-focused school on Roosevelt Island.
Former Mayor Michael Bloomberg at the Cornell Tech campus on Roosevelt Island.
Cuomo said Bloomberg "literally changed the face of New York" and compared him to the late President Franklin D. Roosevelt, after whom Roosevelt Island is named.
"It's a match made in heaven for many reasons", he said in a telephone interview.
"We understand that we will not catch up to Silicon Valley overnight", he said.
This Wednesday Aug. 16, 2017, photo shows Cornell Tech's main academic building called the Bloomberg Center on the campus of a new graduate school collaboration between Cornell University and the Technion-Israel Institute of Technology on Roosevelt Island in NY.