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New York

Kyle Kimball to step down as EDC head

Agency to look for replacement in the coming months

Kyle Kimball
Kyle Kimball

Kyle Kimball is stepping down as president of the Economic Development Corporation.

He will stay in his job until June, to give the agency time to find his successor, according to the Wall Street Journal. The EDC — created under the Dinkins Administration — negotiates the sales and leases of city-owned properties, among other responsibilities. Mayor Michael Bloomberg appointed Kimball in July 2013. 

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Among the projects on which Kimball worked during the Bloomberg administration, are the 2 million-square-foot campus on Roosevelt Island as well as the $1.1 billion development of the Seward Park sites on the Lower East Side, according to the newspaper.

Before joining the EDC, Kimball worked for Goldman Sachs — just like deputy mayor for housing and economic development Alicia Glen — and J.P. Morgan.

“I’m ready for a new opportunity and adventure,” Kimball, 42, told the newspaper. “I have a great body of work at EDC. It’s just important to leave on a high note.” [WSJ] — Claire Moses 

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Economic Development CorporationKyle Kimball