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Empire State Development Corporation

State Consultant: Ratner’s Assumptions at Atlantic Yards ‘Moderately Aggressive’

For its Atlantic Yards project in Brooklyn, developer Forest City Ratner has planned construction of its 6,430 apartments based on a set of relatively aggressive assumptions, a state-commissioned report found.

The report—which was not expected to be negative given that it was commissioned by the agency sponsoring the project—looked at Forest City’s planned numbers on Read More

State Finally Fills Top Development Job With Former El Diario Owner

After an odyssey of a search process, the state’s top development agency has finally filled a top position, with the state on Tuesday announcing that Peter Davidson, former owner of El Diario/La Prensa and chairman of the non-profit JM Kaplan Fund, will be the Empire State Development Corporation’s new executive director.

Mr. Davidson, who founded a media Read More

Obama Picks Up Paterson’s Former Economic Development Chief Lago

Apparently, President Obama is still welcoming résumés with “Paterson administration” on them.

Marisa Lago, the CEO of the state’s economic development agency, who quit amid frustrations, has been nominated for a high position in the Treasury Department, as the Assistant Secretary for International Markets and Development.

The move, which was announced by the Obama administration Thursday, Read More

Another Legal Challenge Means New Uncertainty on Atlantic Yards

New York’s highest court has agreed to hear an eminent domain case over the Atlantic Yards project proposed for Downton Brooklyn, a move that infuses new uncertainty into the planned $4.9 billion development.

The decision by the Court of Appeals was not expected by the project’s developer—Bruce Ratner and his Forest City Ratner—at least based Read More

Marisa Lago, Paterson’s Development Chief, Quits

Marisa Lago, the state’s top economic development official since August 2008, is resigning from her post, according to multiple people informed of the decision, adding to a growing number of top aides to leave the Paterson administration.

As CEO of the Empire State Development Corporation, her departure adds to the turmoil at an agency that has Read More

The ESDC Isn’t What It Used to Be

In February, eight months after M&T Bank chief executive Bob Wilmers was installed as chairman of the Empire State Development Corporation, the state’s main economic development agency, a new organizational structure was announced in a staff memo.

It shifted lines of command: Second from the top in a hierarchical chart, apparently overseeing the agency’s high-profile downstate Read More

The ESDC Isn’t What It Used to Be

In February, eight months after M&T Bank chief executive Bob Wilmers was installed as chairman of the Empire State Development Corporation, the state’s main economic development agency, a new organizational structure was announced in a staff memo. It shifted lines of command: Second from the top in a hierarchical chart, apparently overseeing the agency’s high-profile Read More

WTF, ESDC? Recession Twists State’s Economic Development Arm

In February, eight months after M&T Bank chief executive Bob Wilmers was installed as chairman of the Empire State Development Corporation, the state’s main economic development agency, a new organizational structure was announced in a staff memo.

It shifted lines of command: Second from the top in a hierarchical chart, apparently overseeing the agency’s high-profile Read More

Upstate Wins in the NYS Development Shuffle

It's been a almost a year now since a newly crowned Governor Paterson -- speaking to a handful of reporters tailing him after a Sunday speaking engagement -- casually mentioned that he would reorganize the state's main development agency, the Empire State Development Corporation, abolishing the controversial upstate-downstate split among its leaders.

Now, half Read More