EDC executive vice president heads to Hudson River Park Trust

New York /
May.May 27, 2011 09:29 AM

Madelyn Wils, executive vice president of the New York City Economic Development Corporation, is leaving her role at EDC to become president and chief executive of Hudson River Park Trust, a body that manages public lands along the river below 59th Street, according to the New York Times.

In her new position, Wils will be charged with increasing revenue from waterfront properties to fund the continued development of piers along the river. So far, the trust has spent approximately $400 million in development costs to revive maritime buildings and convert them into recreational spaces. Its managers are regularly frustrated with community oppositions to the projects, including at Pier 57, where they were forced to scrap various proposals.

At EDC, Wils was involved in the development of Seward Park on the Lower East Side and the relocation of auto repair facilities in and around Citi Field in Queens. She also helped plan the Sept. 11 memorial at Ground Zero.

Before starting in her new position, Wils will oversee the launch of a ferry service on the East River. [NYT]


Related Articles

arrow_forward_ios
Renderings of 1223 Spofford Avenue, Bronx, 153-10 88th Avenue, Queens and 1201 Spofford Avenue, Bronx (iStock, NYC Economic Development Corporation, Zara Realty)
The top 10 biggest real estate projects coming to NYC
The top 10 biggest real estate projects coming to NYC
Economic Development Corporation CEO James Patchett (Getty; iStock)
EDC’s $58M in Times Square rent mostly sunk into ferries
EDC’s $58M in Times Square rent mostly sunk into ferries
Congresswoman Nydia Velázquez, Congressman Jerry Nadler and Council Member Carlos Menchaca (Credit: Getty Images, Google Maps)
Pols pounce as city caves in on Sunset Park property
Pols pounce as city caves in on Sunset Park property
Liberty View Plaza at 850 3rd Avenue and Marvin Schein (inset) (Photo by Axel Dupeux)
City lets industrial landlord off the hook in Sunset Park
City lets industrial landlord off the hook in Sunset Park
Alexandria Ocasio-Cortez and Sunnyside Yard (Credit: Getty Images, iStock, and SunnySideYard)
Progressives opposing Queens development target AOC
Progressives opposing Queens development target AOC
Pier 40 (Credit: Google Maps)
The West Village’s Pier 40 could be home to a new 700K-sf commercial development
The West Village’s Pier 40 could be home to a new 700K-sf commercial development
Lights, camera, development: City issues RFP for film studio in Sunset Park
Lights, camera, development: City issues RFP for film studio in Sunset Park
Lights, camera, development: City issues RFP for film studio in Sunset Park
Marisa Lago and East Harlem (Photo Credit: NYC.gov and iStock)
EDC has spent half of its $700M rezoning fund money on just four neighborhoods
EDC has spent half of its $700M rezoning fund money on just four neighborhoods
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...