Downtown-Lower Manhattan ANNUAL MEETING


Hawkins, Delafield & Wood LLP’s Roger Bagley, RXR Realty’s Dan Birney, JP Morgan Chase & Co’s Claire Dorfman, WilmerHale’s Brian Johnson and AIG’s Thomas B. Leonardi Elected to Board

Left to right: PANYNJ Executive Director Rick Cotton, D-LMA President Jessica Lappin, and D-LMA Chairman Ric Clark

NEW YORK (March 30, 2018) – At yesterday morning’s Downtown-Lower Manhattan Association (D-LMA) annual meeting, Rick Cotton, Executive Director of The Port Authority of New York and New Jersey spoke of the progress at the World Trade Center campus, his vision for the future of the Port Authority and the confluence of the Port and D-LMA’s missions.

“We are headquartered at 4 World Trade Center. We view ourselves as part of the Lower Manhattan community,” said Cotton. “The Port strongly supports the mission of the D-LMA and we look forward to continuing to work with you as we ensure Lower Manhattan remains a vibrant business community.”

During his remarks, Cotton spoke about the transformation of the World Trade Center site into a premier office and retail destination. He highlighted the Perelman Performing Arts Center’s recent lease approval by the Port Authority in February and the positive impacts the Center will bring to Lower Manhattan. Groundbreaking is scheduled for next year.

“Over the past 15 years, the Port has dedicated significant resources to the revitalization of the World Trade Center. The results have been extraordinary. We are now at a place where we can talk about the completion of work at the campus and get the last critical piece [the Performing Arts Center] from the drawing board to reality.”

Executive Director Cotton also addressed key components of the Port Authority’s 10-year, $32 billion capital plan, which features prominent redevelopment projects at each of the region’s three major airports. This includes the $8 billion comprehensive redevelopment of LaGuardia Airport, which will be the first new airport built in the U.S. in 20 years; the $2.7 billion construction of a new Terminal One at Newark Airport, which will break ground this spring; and the advancement of Governor Cuomo’s Vision Plan for JFK Airport, with a master planning process underway as well as discussions with terminal operators regarding their redevelopment proposals.

The executive director discussed his vision for the way forward as the Port addresses the key challenges facing the agency. He identified improved safety and security, a greater focus on ethics and integrity, increased diversity and inclusion and the implementation of global best practices for customer service as essential for the Port Authority’s future success.

“Over fifty years ago, the D-LMA founding chairman David Rockefeller forged a partnership with the Port Authority and it’s amazing to see what we together have been able to accomplish for Lower Manhattan,” said Downtown-Lower Manhattan Association President Jessica Lappin.

The Board of Directors, led by Chairman Ric Clark, also voted to elect new members to join the D-LMA’s 23-person board. Those elected were Roger Bagley of Hawkins, Delafield & Wood LLP, Daniel Birney of RXR Realty, Claire Dorfman of JP Morgan Chase & Co, Brian Johnson of WilmerHale and Thomas B. Leonardi of AIG.  D-LMA also welcomed 11 new member companies in 2018 including AIG; DTH Capital; Gemdale USA Corp; GFP Real Estate; Macklowe Properties; Magnum Real Estate Group; Metro Loft Developers, LLC; Milford Managment; Prodigy Network; RXR Realty and W New York-Downtown Hotel.

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Grace Capobianco, CEO/Publisher of Downtown Media & Production was born to be a visionary. She has spent the majority of her life working, developing and marketing innovative media products that not only engage and inform but also bring entire communities together. Utilizing her personal vision as a professional guide, Grace started her first company, Tropical Publishing, when she was just 27 years old and from this moment on, she knew that entrepreneurship was her passion. On a perpetual quest to bring innovative and relevant news to communities, she also created, developed and published the first ever Chamber of Commerce magazine for the Palm Beaches, The South Florida Office Guide. Evolving within the realm of publishing, she moved on to launch Up The Coast magazine in the 1980’s, a guide to Jupiter, in north Florida, where the population aggrandized from 9,000 to more than 70,000 today, and then continued to hone in on niche markets with the launch of publications like Alternative Medicine and NewBeauty. Simultaneously, she launched ATSI, a telecommunications company, which sold Mitel and Siemens products to her publishing clients. The idea of Downtown Magazine NYC was born for Grace in the wake of the devastation of 9/11. A Lower Manhattan resident at this time, Grace saw firsthand the incredible sense of community the neighborhood had demonstrated during these trying times, as well as its immense strength and perseverance. She explored every angle of launching a magazine that would speak to this community but initially felt the timing was just too soon. It wasn’t until 2010 that Grace felt the community was ready to hear its voice and launched Downtown Magazine NYC.