In a deal announced yesterday by Mayor Bloomberg, a California real estate company will pump $700 million into the creation of the East River Science Park on the campus of Bellevue Hospital Center. It's all part of an effort to build a world-class biotech industry in Manhattan, according to the New York Times. In a best case scenario, hope New York civic leaders, the ERSP will create the type of buzz and hype needed to encourage promising biotech start-ups and world-class researchers to stay in NYC. In fact, according to Mayor Bloomberg, New York City could now be on the cusp of creating "one of the nation's primary bioscience clusters."