This is big MIT news. So where’s the MIT spotlight?

DUBLIN, Ireland—Media Lab Europe, a high-tech research cen­ter founded by the Irish gov­ern­ment and the Mass­a­chu­setts Insti­tute of Tech­nol­ogy, announced Fri­day it is clos­ing because it’s run out of money.

The project, launched in 2000 with high hopes of pro­mot­ing inno­va­tion and incu­bat­ing suc­cess­ful prod­ucts in Europe, was sup­posed to become self-financing. The lab’s busi­ness model required around $13 mil­lion a year from cor­po­rate sponsors—but, with the dot.com bub­ble burst­ing soon after its open­ing, only a frac­tion of the hoped-for money came.

Speak­ing of the Media Lab, I won­der how that 163,000 square foot expan­sion is going?