Power is becoming more diluted in New York City, according to the New York Times, but at least three real estate players possess some of what’s left. Related Companies Chairman Stephen Ross, Patricia Harris, first deputy mayor, and Economic Development Corp. President Seth Pinsky, were all named among the city’s 21 power brokers. Though traditional centers of influence have given way to the unfiltered voice of the internet, money is the last remaining vestige of the old order of power, as demonstrated by Mayor Michael Bloomberg’s near unmatched influence from City Hall.
With that in mind, it’s no surprise that Ross was named one of the six “established powers” in the city. Related is juggling six projects in the city right now, including an affordable complex in Hunters Point South, the redevelopment of Willets Point and Hudson Yards, which could change the way big projects in the city are undertaken, according to the Times. Ross has paved a path towards cost control by attempting to secure more concessions from unions and eliminate subcontractors.
Money has also exalted Harris to the “established power” powers. She oversees the Parks Department, which has seen its capital spending budget skyrocket in recent years, thanks to nine-figure investments in the High Line, the Brooklyn Bridge Park and Governors Island. Under Harris’ watch, total city parkland has increased by 725 acres since 2001. Harris also watches over the Landmarks Preservation Commission and the Department of Design and Construction.
Finally, a third real estate figure, Pinsky, was recognized on the list, as a “rising power,” for his efforts in bringing money to the city. He was lauded for his part in luring Cornell University to Roosevelt Island to build a $2 billion graduate science campus. [NYT]