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City trying to downsize, says Dep. Mayor Steisel.

City trying to downsize, says Dep. Mayor Steisel

At its annual meeting held at the McGraw-Hill Building, the Avenue of the Americas Association's guest speaker was New York City First Deputy Mayor Norman Steisel.

In his address to the 120 members and guests, Steisel discussed the city's current and future financial situation. Currently, he outlined, the city is striving to downsize its operations in order to meet its budgetary obligations for the next calendar year. As for the future, he sees the city as emerging from those budgetary restraints as a result of improving economic conditions.

At the Association's Board of Directors meeting held just prior to the annual meeting, the board elected Roy G. Dollard as its president and Arthur M. Delmhorst, previously president, as chairman. Dollard is vice president, Network Services, New York Telephone Company. Delmhorst is a principal with Delmhorst, Barenholtz & Sheehan, real estate consultants.

Elected by the board as vice president and member of the Association's Executive Committee was Lorian L. Marlantes, president and chief executive officer, Rockefeller Center Management Corporation. Elected as director was Donald Kaplan, Executive vice president, W&M Properties.

The Avenue of the Americas Association, organized in 1926, is a non-profit, civic association established to promote and maintain the civic, commercial and industrial welfare of the City of New York with particular emphasis on the Avenue of the Americas. In addition, and in concert with the Avenue's name, acts to improve the relationship among the peoples of the Western Hemisphere through better understanding and close cooperation.

Since its formation the Association has caused the removal of the Sixth Avenue El, the construction of the Avenue's subway, upgraded zoning for a mjor part of the Avenue and developed the redesign and the rehabilitation of Bryant Park. Currently, the Association is actively engage in the planned reconstruction of the Avenue of the Americas scheduled to be completed at the end of 1992.

Other officers of the Association are: Vice Presidents Carl T. Miller, vice president, Rockefeller Center Management Corp.; James W. O'Keefe, Jr., managing director, Kidder Peabody & Co. Incorporated; and Jerald W. Olson, vice president, Time Warner, Inc.; Vice President and Treasurer Harold A. Gottesman, president, Edison Parking Corp; Vice President and Secretary Charles B. Retz, senior managing director, Williams Real Estate Co. Inc.; Executive Director Charles J. Calotta.

PHOTO : At its annual meeting on May 16, held at the McGraw-Hill Building, the Avenue of the Americas Association's guest speaker was First Deputy Mayor Norman Steisel (center). Roy G. Dollard (L) was elected president of the Association and Arthur M. Delmhorst (R) elected chairman, previously president. Dollard is vice president, Network Services, New York Telephone Co. and Delmhorst is a principal at Delmhorst, Barenholtz & Sheehan, real estate consultants.
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Title Annotation:Real Estate Transcript; New York City; Norman Steisel
Publication:Real Estate Weekly
Date:Jun 12, 1991
Words:454
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