Governor Paterson has nominated a former deputy mayor in the Koch administration, Stanley Grayson, to fill a slot on the Port Authority’s governing board.
Mr. Grayson, a onetime city finance commissioner and current president of M.R. Beal & Company, will take the slot of Bruce Blakeman, a Pataki administration appointee and former Republican candidate for state comptroller, according to a Port Authority spokeswoman.
Given his background—as deputy mayor, Mr. Grayson oversaw economic development and M.R. Beal is an investment firm—Mr. Grayson’s appointment seems a telling sign of the Port Authority’s evolving role as a bi-state agency. While its mission is centered around regional transportation, much of its focus recently has been devoted to economic development such as the rebuilding of the World Trade Center site and perhaps assuming control of the Moynihan Station project.
Statement from the governor’s office:
Prior to his investment-banking career, Mr. Grayson held several senior positions within New York City Government, including Deputy Mayor for Finance and Economic Development, Finance Commissioner and Chief Executive Officer of the New York City Industrial Development Agency. Mr. Grayson began his legal career in the Law Department of the Metropolitan Life Company.
Mr. Grayson serves on the Board of Directors of New York Catholic Charities, The Faith Center for Community Development, The Alliance for Downtown Business, The New York City School Construction Authority and is a Trustee of The Churchill School and Center. He received his BA from the College of Holy Cross and his JD from the University of Michigan Law School.
As a Commissioner of the Port Authority of New York and New Jersey, Mr. Grayson will not receive a salary. This appointment requires Senate confirmation.