Milstein tapped to run Thruway Authority

New York /
Jun.June 02, 2011 09:36 AM

Gov. Andrew Cuomo has nominated developer Howard Milstein as the new chairman of the New York State Thruway Authority, overseeing both the Thruway and the 524 miles of the state’s canals, according to the New York Times. Milstein, who presides with his brother, Edward, over his family’s Manhattan real estate empire and is also the chairman and CEO of Emigrant Savings Bank, has donated generously to Cuomo’s campaigns and both he and his wife served on the governor’s transition team. Though the Thruway Authority position is unpaid, some watchdog groups immediately raised red flags about potential conflicts of interest between Milstein’s real estate holdings and economic development projects that might arise during his tenure, which Cuomo dismissed. “Having a private-sector businessman who’s a success in real estate and finance makes total sense for the Thruway Authority,” Cuomo said. “I don’t know specifically his real estate holdings, but of course if there was ever a conflict of interest between his private holdings and his public duty, that would be handled appropriately.” The Senate Transportation Committee is expected to consider Milstein’s nomination before the end of the legislative session June 20. [NYT]


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)
Owners of some residential properties can’t hide behind LLCs anymore
Owners of some residential properties can’t hide behind LLCs anymore
Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)
Landlords take another hit: Cuomo signs expanded Loft Law
Landlords take another hit: Cuomo signs expanded Loft Law
Governor Andrew Cuomo (Credit: Getty Images)
Cuomo wants to exempt NYC from prevailing wage bill
Cuomo wants to exempt NYC from prevailing wage bill
90 Sands Street
Hotel conversions race against the clock
Hotel conversions race against the clock
Hochul urged to resolve Mario Cuomo Bridge dispute
Hochul urged to resolve Mario Cuomo Bridge dispute
Hochul urged to resolve Mario Cuomo Bridge dispute
Cuomo's High Line project has survived him — but his other proposals remain uncertain
Cuomo’s High Line project survives him, boosting Brookfield
Cuomo’s High Line project survives him, boosting Brookfield
The parking lot at 250 Water Street (New York Public Library)
What’s next for a 50-year-old parking lot in NYC’s oldest neighborhood?
What’s next for a 50-year-old parking lot in NYC’s oldest neighborhood?
Gov. Andrew Cuomo (Getty, Photo Illustration by The Real Deal)
Cuomo touts record, urges progress on infrastructure projects in farewell
Cuomo touts record, urges progress on infrastructure projects in farewell
arrow_forward_ios

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

Loading...