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March 29, 2010

40 Under Forty: New York's Rising Stars

Crain's NY Business

Seth Pinsky, 39
NYC Economic Development Corp.
President

In the aftermath of Sept. 11, 2001, Seth Pinsky realized his true calling was in public service. Then a lawyer with Cleary Gottlieb Steen & Hamilton, Mr. Pinsky watched from his office as rescue workers trolled Ground Zero for weeks after the attacks, and was gripped with a desire to help the city rebuild.

That's almost as believable as the Atlantic Yards creation myth.

Two years later, Mr. Pinsky joined the Economic Development Corp., where he spent his first year volunteering for any and every assignment.

"He is one of the fastest learners I've ever been around," says Robert Lieber, now deputy mayor for economic development, who tapped Mr. Pinsky to succeed him as president of the EDC in 2007.

Mr. Pinsky played a key role in shepherding development projects including the World Trade Center, Atlantic Yards and the new Yankees and Mets stadiums. But disaster struck again in September 2008 with the collapse of Lehman Brothers, leaving him with a new mission: diversifying the city's Wall Street-centric economy.

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NoLandGrab: By "shepherding," they must mean "offering obfuscatory answers to Assembly members and state Senators."

And by "diversifying the city's Wall Street-centric economy," they must mean "by heaping ever more subsidies on the city's real estate-centric economy."

Posted by eric at March 29, 2010 9:17 PM