NEW YORK CITY—The CEO and chairman of RXR Realty, Scott Rechler, is bullish on New York City. But as the guest speaker at Avison Young's Midyear Market Report presentation, when asked what keeps him up at night, Rechler referenced Time magazine's, Sept. 17, 1990 cover, describing New York as “The Rotting of the Big Apple.”
“There was a time in the early 90s where we had crime issues that were overcoming our city,” said Rechler. “We're at a similar tipping point as it relates to our transit and congestion issues.”
In June 2017, Rechler was appointed to serve on the board of the Metropolitan Transportation Authority. In addition, he's the chairman of the Regional Plan Association. Rechler also formerly was the vice chair of the Port Authority of New York and New Jersey.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
