The developer, who died last month, took on a lot of tough jobs. We look back on his life
When the governor at the time, Hugh Carey, asked Mr Ravitch to become head of the, which operates the subway, along with commuter lines, buses and some tunnels and bridges, he told the governor he was crazy to even ask. In his 2014 memoir Mr Ravitch wrote that “no one in his right mind would want to manage a system in the’s condition.” But subway lines are the arteries of New York City.
Luckily for New York, Mr Ravitch took a lot of tough jobs. In 1975, shortly after banks said they would no longer lend to the Urban Development Corp, a state authority, Carey appointed Mr Ravitch as its head. He kept it out of bankruptcy. Then he helped keep New York City from insolvency after it had been shut out of the bond market.
Not only did he have the expertise to navigate municipal and state finance, he could get people in a room to talk. Often that room was in his apartment late at night and the talk, while eating a Chinese takeaway, was with a union leader or a mayor. Or it was the head of a bank getting a 5am tour of anIn 2009 he was asked by Governor David Paterson to be his lieutenant, to help the state deal with the aftermath of the recession, particularly a looming $9bn budget deficit.
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