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Who will be new head for city development?

Who will be new head for city development?

While Sally Hernandez-Pinero's office denies her pending departure is official, speculation has begun as to who will replace her.

The mayor has yet to announce, but the media is reporting that Hernandez-Pinero, 38, will end her two-year tenure as deputy mayor for Finance and Economic Development and become a commissioner with the Housing Authority. Dinkins' only hispanic deputy mayor is said to be leaving her current post so that she may devote more time to her two children, ages two and five. She would be the first of his cabinet to depart.

The mayor, sources say, will probably be looking for someone based firmly in the private sector who is familiar with the function and structure of the agency. There are however, some possibilities from within the administration.

Sources report Richard Altman, vice chairman of the Blackstone Group, is the leading choice for the spot. Altman, former chair of the Public Development Corporation under Mayor Koch, is a member of the Dinkins Private Management Task Force.

Also said to be high on the list is Arthur Levitt Jr., head of Levitt Media Co. and former chairman of the American Stock Exchange. Levitt was appointed by Dinkins to chair the Mayor's Management Advisory Task Force Committee on Incentives and Tax Policy.

Also in the running is said to be Ronald Gault, who is director of Public Finance with First Boston Corporation and a member of the Mayor's Advisory Committee on Appointments. A tennis partner of Dinkins, Gault headed the search committee for the Economic Development Corporation president.

City officials who might be elevated into the spot include: Carol O'Cleiracain, commissioner of the Department of Finance, who has a background in labor as well as finance; and Carl Weisbrod, president of the Public Development Corporation and the former head of the 42nd Street Development Corporation. O'Cleiracain was one of the lucky members of Dinkins' small entourage that accompanied him on his recent trip to South Africa.

Other Departures

Admitting frustrations due to the budget, Sanitation Commissioner Steven M. Polan, announced last week that he too would be leaving the Dinkins Administration to become private counsel for the Fischbach Corporation.

The an electrical engineering and construction company does participate in some city contracts, however, in observance of city ethics rules, Polan will not be representing the company in its relations with the city. Polan will be joining his former superior Robert Kiley, the chairman of the MTA until last November, who is now Fischbach's president and chief executive officer.

An advocate of recycling and the building of incinerators, Polan was both cheered and booed by environmental groups.

For the Dinkins administration, these two departures are the most recent in a series. Other city officials that have left, include: Corporation Counsel Victor Kovner; Albert Scardino, the press secretary; Woodrow A. Meyers, the health commissioner; Eric J. Schmeriz, Nancy G. Wackstein, the director of the Office on Homelessness and Single-Room Occupancy; and J. Emilio Carrillo, the president of the Health and Hospitals Corporation.
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Title Annotation:New York's Finance and Economic Development department
Author:Fitzgerald, Therese
Publication:Real Estate Weekly
Date:Dec 4, 1991
Previous Article:Construction contracts seen up 9% in October.
Next Article:Bronx-based manager still confident.

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