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Rebuilding NYC





Focus on Governance


•  A Look at the Lower Manhattan Development Corporation
•  The Federal Government's Role


•  Carl McCall on What Albany Must Do


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LOWER MANHATTAN DEVELOPMENT CORPORATION ANNOUNCES APPOINTMENT OF THREE EXECUTIVES

- Irene Chang, former Assistant United States Attorney for the Southern District of New York, named Vice President for Legal Affairs -

- Patrice Derrington, former Managing Director of Victory SBSF Capital Management, named Vice President for Corporate Development -

- Amy Peterson, former Director of the Commissioner's Office of the NYC Human Resources Administration, named Program Administrator for LMDC -

The Lower Manhattan Development Corporation, the joint State-City corporation formed to oversee the revitalization of Lower Manhattan, announced today the appointment of three key executives to its staff. Irene Chang was named Vice President for Legal Affairs, Patrice Derrington was named Vice President for Corporate Development and Amy Peterson was named Program Administrator.

LMDC Chairman John C. Whitehead said, "We are indeed fortunate to have such talented and experienced professionals as Patrice, Irene and Amy join the LMDC staff. Their expertise will add significantly to our expanding team."

LMDC President Lou Tomson said, "The LMDC is assembling a talented and dedicated staff to carry out the work of the Corporation. I'm pleased that we've been able to hire individuals who are personally committed to helping rebuild Lower Manhattan and who bring with them years of exemplary service in their respective fields. Irene, Patrice and Amy will be instrumental to the LMDC as we pursue our mission of revitalizing Lower Manhattan."

Irene Chang: As Vice President for Legal Affairs, Ms. Chang will advise the LMDC staff on legal, regulatory and compliance matters. Along with the General Counsel, Ms. Chang will represent the LMDC in meetings with counsel for other groups involved in the revitalization of Lower Manhattan, such as the Port Authority, the City and State of New York, developers and community groups.

Ms. Chang was most recently Deputy General Counsel of Kozmo, Inc., where she counseled corporate departments and field operations on a wide range of legal matters, including advertising, consumer rights, contract obligations and intellectual property. Prior to joining Kozmo, Ms. Chang was Assistant United States Attorney for the Southern District of New York, where she represented various federal agencies in civil actions. Prior to joining the US Attorney's Office, Ms. Chang was a litigation associate at the New York law firm of Shearman & Sterling, where she handled complex commercial litigation. She received her law degree from Brooklyn Law School, and a BA in Psychology from New York University.

Patrice Derrington: As Vice President of Corporate Development, Ms. Derrington will work in partnership with LMDC's planning division on the real estate and financing aspects of the redevelopment process. Ms. Derrington will also develop and administer the project and program review procedure to evaluate requests for LMDC funding.

Ms. Derrington was most recently Managing Director of Victory SBSF Capital Management, where she was an investment advisor focusing on real estate assets and founder and portfolio manager of the Victory Real Estate Investment Fund. Prior to joining Victory, she was a Vice President of Chemical Bank's Real Estate Finance Group. She has taught Architecture at Carnegie Mellon University/M.I.T. She holds a Ph.D. in Architecture/Project management from the University of California, Berkeley, an MBA from Harvard, and a Bachelors Degree in Architecture from the University of Queensland, Australia.

Amy Peterson: As Program Administrator, Ms. Peterson will oversee and implement grant programs developed by LMDC, such as the residential assistance plan.

Ms. Peterson was most recently Director, Office of the Commissioner of the New York City Human Resources Administration, where along with other disaster relief organizations, she established and managed the City's Disaster Assistance Services Center at 141 Worth Street. She also established the Twin Towers Job link efforts, organizing and running three Twin Towers Job Expos in one month. She has previously served as Lead City Project Manager on the Pennsylvania Station Redevelopment Corporation, Deputy Commissioner of the New York City Department of Design and Construction, and as Acting Director of the Mayor's Office of Construction. She holds a Master of Arts in Liberal Studies from New York University, a Bachelor of Science Civil Engineering from Bucknell University, and is a licensed engineer.

About the LMDC
The LMDC is a joint State-City corporation formed by the Governor and Mayor to oversee the rebuilding and revitalization of Lower Manhattan. The LMDC is governed by an 11-member Board of Directors -- seven appointed by the Governor, four appointed by the Mayor -- and is chaired by John C. Whitehead. To assist in its mission, the Corporation has formed several Advisory Councils and a general Advisory Committee comprised of federal, state and city elected officials, business and civic leaders to represent the interests of various constituencies affected by the September 11th attacks. The Councils will provide input on such issues as transportation and infrastructure, business development and retention, residential concerns, development, tourism and the arts, and the planning of an appropriate memorial.

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