Definitely do your due diligence. My info/experience is a couple years old so things could have changed re: Innovate. I felt it was worthwhile for my kid, but that’s through a parent’s lens. He felt like it was just ok.
A lot of people have commented over the years re: the benefits of shared experience for engineering students - if nothing else it’s added moral support. There are tons of social experiences and clubs that will be available to you outside of Galileo too, and in a variety of ways a dorm is just a dorm.