Blackstone prez Tony James to step down from Port Authority

His exit is part of a wave of departures from bi-state agency

New York /
Jun.June 09, 2017 07:00 AM

Two years after being appointed by Gov. Andrew Cuomo, the Blackstone Group’s Tony James is stepping down from the Port Authority of New York and New Jersey.

James, who serves as the private equity firm’s president and chief operating officer, resigned from the agency’s board, following a slew of other recent departures, Crain’s reported. RXR Realty’s Scott Rechler left the agency last year, and attorney Steve Cohen resigned in November after only a few months on the board.

The departures come at a contentious time for the agency. Cuomo recently moved to increase his influence over the agency and fought with New Jersey chairman John Degnan over the bus terminal proposed for Manhattan’s West Side. The governor told New York board members to boycott a meeting in November, but James attended anyway, along with another member, former Vornado Realty Trust CEO Michael Fascitelli,

The governor is already making moves to find replacements. Last week, he nominated union boss Gary LaBarbera to the board. [Crain’s] Kathryn Brenzel


Related Articles

arrow_forward_ios
Douglas Elliman CEO Dottie Herman on FOX
Elliman CEO: ‘People are afraid to walk in NYC’
Elliman CEO: ‘People are afraid to walk in NYC’
Village Preservation executive director Andrew Berman (iStock, Village Preservation)
Manhattan CB2 votes against Soho/Noho rezoning
Manhattan CB2 votes against Soho/Noho rezoning
Soho’s zoning madness, such as artists-only lofts and a ban on ground-floor retail, may finally change with a proposed rezoning.
The shopping district that banned retail: Soho’s incoherent zoning
The shopping district that banned retail: Soho’s incoherent zoning
Gov. Andrew Cuomo (Getty, iStock)
Cuomo vows to speed rent relief after pressure from Schumer
Cuomo vows to speed rent relief after pressure from Schumer
Eric Adams (Getty, iStock)
City program could supplement state rent relief — if next mayor signs off
City program could supplement state rent relief — if next mayor signs off
The tenants who won the affordable housing lottery at 15 Hudson Yards say the units are in an “entirely separate part of the building and with a different address.” (Hudson Yards, District Court of New York)
Lawsuit claims 15 Hudson Yards discriminates with “poor doors”
Lawsuit claims 15 Hudson Yards discriminates with “poor doors”
Council members call out City Planning on Soho rezoning
Council members call out City Planning on Soho rezoning
Council members call out City Planning on Soho rezoning
Jared McClain of NCLA and Gov. Phil Murphy (Photos via iStock, NCLA, Getty)
NJ tenants can pay rent with security deposits: court
NJ tenants can pay rent with security deposits: court
arrow_forward_ios

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

Loading...