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August 24, 2008

Will new head of ESDC take a walk around the AY footprint?

Atlantic Yards Report

In March, Empire State Development Corporation (ESDC) Downstate Chairman Pat Foye, an appointee (and friend) of departed Governor Eliot Spitzer, resigned, leaving his deputy, Avi Schick, as the ESDC's acting president.

Schick, who will leave his post in September, has publicly defended Atlantic Yards. Foye was supposed to visit the AY site, but never did.

Now Governor David Paterson has nominated Marisa Lago, a global head of compliance at Citi Markets and Banking, to be the ESDC's president and chief executive, supervising executives for both downstate and upstate. Reported the New York Times:
Mr. Paterson has made revamping the agency a top priority. As he has sounded the alarm in recent weeks about the increasingly bleak outlook for New York’s economy, a better functioning Empire State Development Corporation has become a key piece of the governor’s economic revitalization plan.

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Posted by amy at August 24, 2008 11:06 AM