Former ESDC Chief Foye Joins Long Island Law Firm

schuerman patfoye1h 0 Former ESDC Chief Foye Joins Long Island Law Firm Pat Foye used to like to joke in his public remarks about how he was a “recovering lawyer.”

Looks like the former state economic development czar has had a relapse.

Mr. Foye, who was the downstate chairman of the Empire State Development Corporation in the Spitzer administration, has joined Rivkin Radler, a law firm based in Long Island, with offices in Manhattan and New Jersey, the firm announced today.

Mr. Foye, who was a partner at Skadden Arps before he entered the public sector, intends to focus on real estate, energy issues (he was once the vice-chairman of the Long Island Power Authority) and restructuring.

Mr. Foye oversaw the bulk of the Spitzer administration’s signature economic development efforts, some of which are continuing—like the planned Javits Center renovation and modest expansion—while others, including Moynihan Station, have fallen apart or stalled. He resigned shortly after Eliot Spitzer’s downfall.

He is the second Spitzer administration official in two days to announce landing a job at a law firm. Sean Patrick Maloney, first deputy secretary in the Paterson and Spitzer administrations, yesterday resigned to take a job at Kirkland & Ellis.

Release below.

Patrick Foye, Former Empire State Development Chairman and

Skadden Arps Partner, joins Rivkin Radler

DECEMBER 10, 2008 – NEW YORK CITY — William M. Savino, Managing Partner of Rivkin Radler LLP announced today that Patrick Foye, who most recently served as Chairman of the Empire State Development Corporation, and was a Partner in the corporate practice group at Skadden Arps, Slate, Meagher and Flom, will join the firm as a partner, effective January 1, 2009. Foye, who was appointed by Governor Spitzer and confirmed by the State Senate, worked at Empire State Development on many large development projects across the state as well as on business attraction and retention.

At Rivkin Radler, Foye will focus on corporate, restructuring, real estate, and energy matters working from the firm’s Manhattan office.

“My Partners and I enthusiastically welcome Pat to Rivkin Radler. His extensive knowledge and experience as a lawyer, businessman and government representative will perfectly complement and grow the firm’s practice. We know that Pat’s impressive experience will mean unparalleled representation for our clients,” stated William Savino.

As Chairman of the Empire State Development Corporation, Foye oversaw various subsidiaries which managed economic and real estate development in New York State. There, he played a leadership role in the Moynihan Station, Jacob Javits Convention Center, Long Island City redevelopment, Brooklyn Bridge Park and the Harriman Research Campus projects. In addition to a variety of other initiatives, Foye was instrumental in leading State-NYRA negotiations and negotiations for Video Lottery Terminals at Aqueduct Racetrack. He also led attraction and retention efforts on behalf of New York State.

“In a time of concern about the New York City and regional economies, I am excited to be joining Rivkin Radler in making a long term commitment that will benefit the firm’s clients and continue the firm’s growth,” stated Foye.

Patrick Foye, Former Empire State Development Chairman and Skadden Arps Partner, joins Rivkin Radler (page 2 of 2)

Foye previously served as Executive Vice President of Apartment Investment and Management Company, (AIMCO). There, as a member of the senior management team of the NYSE-listed, S&P 500 component company, he led corporate, partnership and real estate acquisitions which helped create the nation’s largest multi-family company. Foye co-led company-wide continuous improvement processes which analyzed every function of the corporation and led to increased revenue and cost reductions.

Prior to joining AIMCO, Foye was a Partner at Skadden, Arps’s New York City and Brussels offices. His practice focused on the representation of parties in corporate, restructuring and real estate transactions of all types. He also served as Managing Partner of that firm’s Brussels, Budapest and Moscow offices for three years. There, he led transactions in a number of countries.

Prior to his role at the Empire State Development Corporation, Foye served as Chief Executive Officer of United Way of Long Island. During Foye’s tenure there, he was instrumental in revitalizing one of Long Island’s leading health and human services agencies.

Mr. Foye has served on a number of boards including the Long Island Power Authority, (Vice Chair 1995-2006), New York Public Asset Fund (Chair 2004-2008) which held approximately $3 billion of stock in publicly-traded HMO stock on behalf of the State. He also served on the boards of the Long Island Association, LIA Health Alliance, Long Island Community Foundation, Port Washington Public Library Foundation, Sands Point Board of Zoning Appeals (2000-2006), and the Port Washington Union Free School District (elected May 2006). Foye also served on the boards of public companies, mutual funds with over $40 billion under management and an equity money manager with approximately $2 billion under management.

Mr. Foye resides in Sands Point with his wife, Suzanne Matthews, and three daughters.

Rivkin Radler LLP is a nationally prominent law firm with offices in New York City, Long Island, and New Jersey. For more information on the firm, visit www.rivkinradler.com.