Mamdani taps Lina Khan and Tony Shorris for key New York economic posts
Summary
New York City Mayor Zohran Mamdani has appointed Lina Khan as chair of the city’s Economic Development Board and Tony Shorris as president of the Economic Development Corporation. These changes bring new leadership to major city agencies responsible for economic growth and large development projects.Key Facts
- Lina Khan previously led the Federal Trade Commission under President Biden and advised Mayor Mamdani.
- Tony Shorris has worked in New York City government since 1979 and was recently a partner at McKinsey & Co.
- The Economic Development Corporation (EDC) manages over 60 million square feet of property and is the city’s largest landlord.
- The EDC oversees about 100 active projects involving $6 billion in construction investment.
- Major projects approved by the EDC include Hudson Yards, the High Line, Cornell Tech campus, and the city ferry system.
- The EDC has faced criticism for being too aligned with business interests.
- Mayor Mamdani has not appointed a deputy mayor for economic development but created a deputy mayor for economic justice instead.
- These appointments signal a shift in how New York City approaches economic development.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
