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Steep Learning Curve for Development Czar

NEW YORK CITY-The Bloomberg administration’s choice to replace Robert Lieber as deputy mayor for economic development will need to ramp up quickly.

By Paul Bubny | Updated on June 22, 2010

NEW YORK CITY-As widely anticipated over the past week, Mayor Michael Bloomberg on Tuesday announced that former Wachovia CEO Robert Steel would succeed Robert Lieber as deputy mayor for economic development. And as both Bloomberg and Steel acknowledged at a news conference, the new deputy mayor faces a steep learning curve.

“There’s a lot to learn,” Steel said Tuesday, asking for “patience” while he gets his arms around the task at hand. With that as the backdrop, Steel told reporters he wasn’t yet in a position to address the status of the city’s major development initiatives, ranging from Willets Point to Governor’s Island.

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