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Paterson Makes Appointment to Port Authority Board

The New York Observer reports that Governor Paterson has nominated Stanley Grayson, the former deputy mayor under Koch, to take the place of Bruce Blakeman, a Pataki administration appointee, on the Port Authority’s governing board. The governors of New York and New Jersey each appoint six members to the board for overlapping six year terms. Last month, Paterson appointee Chris Ward assumed the head role at the agency, which may take over the Moynihan Station project.

Statement from the governor’s office, courtesy of the Observer:

Stanley E. Grayson has been nominated as a Commissioner of the Port Authority of New York and New Jersey. Mr. Grayson is currently the President and Chief Operating Officer of M. R. Beal and Company, an investment banking firm focused on public finance, corporate debt and equity, fixed-income sales and trading, and financial advisory services. Prior to joining M. R. Beal in 2002, Mr. Grayson was a Managing Director and Manager of Prudential Securities Public Finance Department and member of the firm’s Operating Committee where he oversaw the public finance activities of Prudential Securities. Prior to joining Prudential Securities, from 1990 to 1996 Mr. Grayson was a Vice President at Goldman Sachs in the Municipal Bond Department’s Infrastructure and General Banking Group.

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.

Read “Paterson Taps Koch Deputy Mayor for Port Authority Board,” by Eliot Brown for The New York Observer