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PR- 012-07
January 16, 2007


New Head Will Oversee Projects in All Five Boroughs to Reshape the City

Mayor Michael R. Bloomberg today appointed Robert C. Lieber as President of the New York City Economic Development Corporation (EDC), the City's primary vehicle for implementing its five borough economic development strategy. EDC supports and enhances the City's job and revenue base through a variety of means, including catalyzing the development of commercial and industrial real estate, supporting and promoting New York City's business community and attracting companies not yet located in the City, providing financial services, and promoting the economic revitalization of the City's waterfront, industrial zones and neighborhoods. Lieber will oversee nearly 400 employees at EDC engaged in a wide array of economic development projects in all five boroughs.

"Bob Lieber brings invaluable private sector management experience to EDC and we're lucky to have someone of his caliber coming aboard," said Mayor Bloomberg.  "As we continue to work on an unprecedented scope of projects that will reshape our City, it is imperative that we have someone with Bob's experience and knowledge to ensure forward momentum and that these projects keep moving."

"The Bloomberg Administration has an incredibly bold and dynamic economic development strategy, and I'm thrilled to be joining the team tapped to implement it," said Lieber. "New York City, where I've lived and worked for more than 30 years and continue to raise my family, is the greatest city in the world, and I'm eager to take on the challenge of implementing the Administration's vision for the City's economic revitalization and help make it an even better place to live, work and visit."

"In the five years since we began the most ambitious series of development projects in this City in decades, we have continually tried to assemble the best and brightest to work on the Mayor's team," said Deputy Mayor for Economic Development and Rebuilding Daniel L. Doctoroff. "Because of his dedication to New York, exemplified by his work advising the City on the renegotiation of the lease at the World Trade Center site, I am certain that Bob Lieber will be a great addition to that team.  I look forward to working with him as we continue with a series of projects that will change the face of New York."

Lieber led a pro bono team from Lehman Brothers that advised the City in its successful effort to work with the Port Authority and the State to renegotiate the World Trade Center site lease last year.

Lieber most recently served as Managing Director for the Private Equity division of Lehman Brothers, Inc., where he was responsible for originations for a $2.8 billion real estate merchant banking fund. Prior to that, he served as Group Head of Global Real Estate Investment Banking, Managing Director and head of MBA recruiting at Lehman. Lieber also served as a Vice President at E.F. Hutton Properties.  In 1999 and again in 2003, Lieber was recognized by Institutional Investor Magazine for "Deal of The Year," and he was named "Financier of the Year" in 2004 by Commercial Property News. Lieber serves as a Trustee of the Urban Land Institute (ULI), Vice Chairman - Executive Committee Member of the Zell Lurie Real Estate Center at Wharton Business School, and as an Advisory Board Member for the National Association of Real Estate Investment Trusts.


Stu Loeser/John Gallagher   (212) 788-2958

Andrew Brent / Janel Patterson (EDC)   (Economic Development Corporation)
(212) 312-3523

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