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Search resuls for: "Richard Ravitch"


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Opinion | Every American City Needs a Richard Ravitch
  + stars: | 2023-07-28 | by ( Nicole Gelinas | ) www.nytimes.com   time to read: +1 min
Much of Midtown was still empty, but Mr. Ravitch was not the type to work from home. Until the end, even as a younger generation of business people viewed the full-time office as optional — along with Manhattan itself — Mr. Ravitch remained moored to a physical place. Mr. Ravitch’s office is now empty, too. Many American cities find themselves without patrons who feel their own worth and purpose tied to their hometowns’ fortunes. Mr. Ravitch’s death was not just the end of an era in New York — it also laid bare the vacuum that American cities have to fill.
Persons: Richard Ravitch, Ravitch, , Ravitch’s Locations: Manhattan, Midtown, New York City, New York
On Oct. 17, 1975, New Yorkers learned from the morning papers that the city was more or less finished. The big bill — $453 million that City Hall owed its creditors after years of borrowing — was due at 4 o’clock that afternoon. It depended on the teachers’ union tapping its pension funds to buy bonds from the Municipal Assistance Corporation. Mr. Ravitch had a well-earned reputation as a top-drawer fixer, and the governor was essentially asking him to save New York City. Mr. Ravitch and Mr. Shanker talked all night, but they parted without a resolution.
Persons: New Yorkers, , Richard Ravitch, Ravitch, Hugh L, Carey, Al Shanker, Shanker Organizations: City, Municipal Assistance Corporation, Federation of Jewish, New Locations: New, New York City
Richard Ravitch, a politically savvy, civic-minded developer and public citizen who helped rescue New York City from the brink of bankruptcy and its decaying subways from fiscal collapse, died on Sunday in Manhattan. His death, in a hospital, was confirmed by his wife, Kathleen M. Doyle. Mr. Ravitch never won elective office. He later served as New York’s lieutenant governor, enlisted by David A. Paterson in 2009 to lend gravitas to his teetering administration. (Mr. Paterson had succeeded Eliot Spitzer, who resigned in disgrace after a prostitution scandal.)
Persons: Richard Ravitch, Kathleen M, Doyle, Mr, Ravitch, David A, Paterson, Eliot Spitzer Organizations: New, Urban Development Corporation, Metropolitan Transportation Authority Locations: New York City, Manhattan, New
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