ESD prez who orchestrated Amazon LIC deal steps down

Howard Zemsky was a driving force behind the failed Amazon deal

New York /
May.May 03, 2019 10:30 AM
Former New York Economic Czar Howard Zemsky and Governor Andrew Cuomo (Credit: Getty Images)

Former New York Economic Czar Howard Zemsky and Governor Andrew Cuomo (Credit: Getty Images)

Gov. Andrew Cuomo is on the hunt for a new Empire State Development Corporation president.

Howard Zemsky, who has been the state’s economic czar since 2015, will step down but stay on as chairman of the board, according to the Wall Street Journal.

Zemsky was a driving force behind the Amazon deal that would have brought the company’s second headquarters to Queens, which fizzled on Valentine’s Day this year. After the deal fell through, Cuomo blamed politicians including Senator Gianaris, but Zemsky has been more restrained in pointing fingers, although he said he was extremely disappointed at the deal’s failure at a February 21 board meeting.

Before heading the ESD, Zemsky was the co-chairman of another of Cuomo’s appointed advisory groups, the Western New York Regional Economic Development Council. He previously was the managing partner of Larkin Development Group in Buffalo.

During Zemsky’s time at the ESD, the advisory group renegotiated deals originally made by the scandal-plagued Alain Kayoleros through the nonprofit arm of the SUNY Polytechnic Institute. Kayoleros and other construction executives were convicted on fraud charges in 2016 for steering bids on $855 million in state contracts to Cuomo contributors. Cuomo is now said to be looking for an individual with private sector experience. [WSJ] — Georgia Kromrei


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
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Suburbanites with pitchforks as two hands ripping building plans
Suburban Nimbys oppose more housing. Do they have a point?
Suburban Nimbys oppose more housing. Do they have a point?
Gale Brewer (Getty, Gale Brewer)
City takes aim at landlords’ empty retail space
City takes aim at landlords’ empty retail space
From left: Silverstein Properties' Larry Silverstein and New York City Councilmember Julie Won along with a rendering of Innovation QNS (Getty Images, Julie Won for City Council, Innovation QNS Official Site)
Silverstein’s Astoria megaproject ups affordable housing commitment
Silverstein’s Astoria megaproject ups affordable housing commitment
MR Property Builders' Rich Rauff and 45th Street between Pacific and Prospect Streets in Copiague (Getty Images, Google Maps, MR Property Builders)
Honey, they shrunk the housing: Long Island project withers
Honey, they shrunk the housing: Long Island project withers
Village of Lawrence mayor Alex Edelman (Facebook, Getty)
Shovels down! Hempstead Town halts development in two villages
Shovels down! Hempstead Town halts development in two villages
arrow_forward_ios

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

Loading...