In 1979, as the city’s own finances were stabilizing under Mayor Ed Koch, Ravitch took on a bigger challenge: accepting Carey’s appointment to the chairmanship of the Metropolitan Transportation Authority. Ravitch was a key behind-the-scenes player in Carey’s state-directed workout effort, which included the creation of a financial control board and a refinancing helped by federal loan guarantees. Richard Ravitch, ‘titan of New York’s civic world,’ dead at 89 AP Photo/Marty Lederhandler, FileĪs the city’s debt grew, its economy shriveled under repeated tax increases, municipal employee strikes, outmigration to the suburbs and mounting crime.īy the time Abe Beame became mayor in 1974, just in time for a national recession and stock-market crash, the city was teetering on the edge of bankruptcy. Ravitch was appointed MTA Chairman in 1979. Starting in the mid-1960s under Mayor Robert Wagner, and building through the early ’70s under John Lindsay, the city had (with the express permission of the state) covered a growing share of its operating budget with capital borrowing. Ravitch engineered the creation of a new state agency to refinance the UDC’s bonds - an approach that would be repeated, on a larger and more drawn-out scale, when New York City itself was shut out of the bond market months later. Carey asked him to take over as chairman of the Urban Development Corp., just before it defaulted on a bond payment. Ravitch’s construction company had just opened Waterside Plaza residential and commercial complex on the East River when, in early 1975, newly elected Gov. Ravitch’s public service didn’t end with Gotham’s crisis: To the very end, this staunchly liberal Democrat was a voice for financial responsibility at every level of American government, especially (with increasing frustration) in his beloved hometown. Richard Ravitch - who died Sunday, a dozen days short of his 90 th birthday - was among the last surviving members of a remarkable generation of political and business leaders who steered New York City out of its brushes with bankruptcy in the mid-1970s. Richard Ravitch under fire for signing on to help Puerto Rico Needless to say, we are all ready to return to Nashville.Richard Ravitch, ‘giant’ of New York civics, dead at 89Ĭharter foe Diane Ravitch slammed for sending kids to private school: ‘It’s hypocrisy’ Needless to say, we are all ready to return to Nashville. Which also included my son shaking hands with Kid Rock at his bar and Kid Rock calling him by name and thanking him for coming to his place. So when I got home I couldn’t wait to tell everyone that I played with Marty at the Gibson Garage and they are like, “sure you did.” Anyway, believe me or not, that was the highlight of my trip to Nashville. It was unbelievable that I got to play with Marty and the hired gun Rhythm section. I recorded all the performances with exception of my own. Everyone that played with Marty was really good. Then when I found out that he was letting people come up and play with him, I signed up immediately. “Bro, what’s up with the stage? “ He told me, “Yeah, Marty Schwartz is going to be here at 3:00.” I was like,”No way.” So after being asked to leave the PR group there were some guys setting up the stage and I asked one of the salesman. Then as the group was moving to the next section of the store which was the Mesa Boogie section a very tall woman approached me and asked if I was part of the PR group? I stated no and that was the end of my Mark Agnesi tour. Then on the group went to the acoustic room and Mark continued to tell the group a wealth of information about the acoustic guitars. So I joined them and listened to Mark explain the ends and outs of the Murphy Lab. When I got to the Gibson Garage and Mark Agnesi was in the Murphy Lab section of the store talking to a group of well dressed very attractive people. I was in Nashville for the ISRI convention. I walked down to the Gibson Garage from the convention center.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |