During the 10-month-long program, fellows attend seminars and participate in site visits and discussions with city officials and business leaders, examining the challenges facing New York City. The fellowships are granted to senior business leaders who are ready to explore the ways in which they and their companies can be effective corporate citizens in partnership with the public and non-profit sectors. For 2003, there were 18 fellows selected. Prior to joining Grubb, Buttarazzi was SVP of the Empire State Development Corp.
According to Buttarazzi, who was responsible for privatizing hundreds of millions of dollars of real estate assets for New York State, there are real estate options available today that could both aid the city's finances and improve the quality of life for its citizens. "Public-private partnerships are catching on strongly here and throughout America," he says. "Governments are measured not on what they own but on whether or not they deliver. To deliver quality infrastructure faster and cheaper, to preserve government capital and to raise non-tax revenue, public officials must turn to the private sector."
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
