Andrew Kimball<\/b> has demystified whether or not he will stay on board after Mayor-elect Zohran Mamdani<\/b> takes office on Jan. 1.<\/p>\n
The New York City Economic Development Corporation<\/b> (EDC) president and CEO will depart the city government alongside Mayor Eric Adams<\/b>, but will remain as an adviser to the new administration for an undetermined period of time, according to the agency.<\/p>\n
SEE ALSO: Mamdani Selects Leila Bozorg as Deputy Mayor of Housing and Planning<\/a><\/p>\n Crain\u2019s New York Business first reported the departure<\/a>.<\/p>\n \u201cTo dig our way out of the economic crisis caused by COVID, we partnered with the city, state and agencies across the government and the private sector,\u201d Kimball said in a memo Friday<\/a>. \u201cThat collaborative work has resulted in\u2026 A diversified economy and start-up ecosystem and commercial leasing market that is literally the envy of the world.\u201d<\/p>\n While it\u2019s unclear what Kimball\u2019s next stop will be, on Dec. 18 Adams made him among seven government ex-officio appointees to the Brooklyn Marine Terminal Development Corporation<\/b> (BMTDC) which will continue to hammer out the details of making the 60-acre industrial site into a $418 million, all-electric maritime port, according to the Adams administration.<\/p>\n Mamdani\u2019s transition team did not immediately respond to a request for comment.<\/p>\n Kimball has been credited with organizing the deployment of $2.5 billion in public investment and $6.2 billion in private capital for various projects. The EDC also manages 64 million square feet of owned real estate across 225 properties in New York City.<\/p>\n