X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Governor George Pataki, Mayor Rudy Giuliani and Mayor-elect Michael Bloomberg held a press conference to announce 11 appointments to the recently created Lower Manhattan Redevelopment Corp. To be chaired by Pataki-appointee John Whitehead, former chairman of Goldman Sachs & Co., the board has two more members than additionally planned, seven of which were named by Pataki, four by Giuliani.

Charged with overseeing the redevelopment of Downtown following the Sept. 11 World Trade Center attacks, the agency–part of the Empire State Development Corp.–will have powers similar to those granted the similar agency that assisted with the revitalization of Times Square.

Pataki appointees in addition to Whitehead include: Frank Zarb–The former chairman and CEO of Nasdaq–Roland Betts–Chairman and lead owner of Chelsea Piers, Lewis Eisenberg–Chairman of the Board of Commissioners of the Port Authority of New York and New Jersey Ed Malloy–President of the Building and Construction Trades Council of Greater NewYork–Deborah Wright–resident and CEO of Carver Federal Savings Bank–Madelyn Wils–Chairperson of Community Board No. 1, which serves the lower Manhattan area.

Mayor Giuliani named: Robert M. Harding–Deputy Mayor for Economic Development and Finance for the City of New York Dick Grasso–Chairman and chief executive officer of the New York Stock Exchange, Howard Wilson–Chair of the New York City School Construction Authority Paul Crotty–Group President for Public Policy and External Affairs-New York/Connecticut for Verizon Communications.

The corporation will hold condemnation authority through its parent corporation, ESDC, and will, within its powers, work to expedite the redevelopment of lower Manhattan. It will be funded with federal and state funds.

In addition to the Board of Directors, the corporation will also establish a broad-based advisory council. The Council will seek input from a wide array of community groups, business owners, elected officials and other interested parties in the redevelopment of lower Manhattan. The Council will make periodic recommendations to the Board.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.