Mayor Bloomberg just promoted Seth Pinsky from Executive Vice President to President of the city's Economic Development Corporation (EDC). He replaces Robert Lieber, who became deputy mayor for economic development following the departure of Dan Doctoroff.
The EDC is in charge of redeveloping the massive Kingsbridge Armory. Right now, the EDC and the mayor's office are trying to choose between the Atlantic Development Group and the Related Companies to decide which developer takes control of the Armory project.
Initially, the EDC said they would choose a developer by October 2007. It's now February 2008 and the EDC says it still needs more time to conduct its "due dilligence."
With new leadership at the top, this may delay the decision and the redevelopment project even longer.
Monday, February 4, 2008
Will New EDC President Impact Armory Redevelopment?
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