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With Schumer Leading The Senate, NYC CRE Is More Hopeful Of A Recovery
New York City real estate experts welcomed the results of this month’s Senate election in Georgia as good news for the city and the industry.
With Brooklyn-born Chuck Schumer set to become Senate majority leader next week, experts are hopeful that the federal government will have a larger role in helping New York in its recovery and beyond, including potentially providing federal funding for major infrastructure projects such as the Gateway Program. When that help does come through, the city needs to be ready for it, they say.
President and CEO, New York Power Authority
While New York won national acclaim last year for passing landmark climate change legislation, Gil Quiniones has spent nearly a decade pursuing ambitious green energy policies at the helm of the New York Power Authority. Besides running NYPA, a major energy producer and utility largely driven by hydropower, Quiniones has shaped the governor’s Reforming the Energy Vision initiative, which aims to harness private markets and technological innovations to boost renewable energy and increased efficiency.
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Chairman, President and CEO; New York President, Con Edison
It will be the end of an era come January when John McAvoy resigns as president and CEO of Con Edison. McAvoy’s retirement reshuffles the top ranks of the influential utility, which is among the nation’s largest. Timothy Cawley, who leads Con Ed’s New York subsidiary, will succeed McAvoy as head of the parent corporation, while Matt Ketschke, a senior vice president,