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20110314-NEWS--0001-NAT-CCI-CN_-- 3/11/2011 8:46 PM Page 1 INSIDE MICHAEL TOP STORIES GROSS TRIES TO THROW On the waterfront: HIS WEIGHT The city soaks up AROUND development ideas ® PAGE 2 PAGE 2 Rudins resuscitate St. Vincent’s deal VOL. XXVII, NO. 11 WWW.CRAINSNEWYORK.COM MARCH 14-20, 2011 PRICE: $3.00 PAGE 2 BALLOONING PROTEST: The amazing Parade stars try to drum There’s no Spider-Man’s up support for returning economics the event to Times Square. stopping PAGE 3 this jobs generator Tiffany looks overseas to add NYC’s fastest-growing sales sparkle employer is none other PAGE 4 than Bloomberg LP, Why veterans often up 3,400 jobs since ’08 make the best entrepreneurs BY MATTHEW FLAMM SMALL BUSINESS, PAGE 9 THOUGH THE SUBJECT may never come up in City Hall discussions about job cuts, Mayor Michael Bloomberg has BUSINESS LIVES created an employment program for New York that has worked like a charm. He just can’t take credit for it while he’s in office. Bloomberg LP, the financial infor- mation giant he founded in 1981, has emerged in recent years as the fastest- growing company in New York. Since 2008,it has added 1,800 jobs in the city, for a total of 6,500 here. It plans to add 1,600 more in Manhattan in 2011. The privately held company is run gettyimages day-to-day by Chairman Peter Grauer GOTHAM GIGS See BLOOMBERG on Page 23 The puppetmaster of Union Square park P .. 25 ● ANNE FISHER says it’s time to reward your best Whose Parade Is It? employees P .. 25 Self-styled ● MOVERS & SHAKERS Hitting the road with Ken Fermaglich P .. 26 Business big shots, city at loggerheads crusader’s ● GAEL GREENE feels no heat at Ember Room P .. 27 over lucrative Macy’s Thanksgiving route downfall In a statement, the city said the parade will run BY LISA FICKENSCHER on Sixth Avenue in 2012 and 2013, and attributed INDEX the change to upcoming work on the pedestrian Lobbyist in bribery THE MACY’S THANKSGIVING DAY PARADE is a longtime plazas around Times Square. It plans to revisit the NEW YORK, NEW YORK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _6 favorite live and telecast event, featuring everything decision after 2013. scandal touched NEIGHBORHOOD JOURNAL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _7 from Snoopy to performances by pop singers. It is A Macy’s spokesman pointed out that there will nearly every biz cause THE INSIDER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _8 also a giant economic engine for Macy’s, broadcast- be a different city administration in 2014. “There is CLASSIFIEDS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _20 ing partner NBC,the businesses along the route and no one to talk to now about it being reconsidered,” the city. The parade is New York’s largest annual said Orlando Veras. BY DANIEL MASSEY FOR THE RECORD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _22 event, drawing 3.5 million visitors. Times Square businesses—including the Mar- HOT JOBS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _25 But events of the past week threaten to disrupt riott Marquis hotel and the Shubert Organization, IN THE 1990S, lobbyist Richard Lipsky EXECUTIVE MOVES _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _25 this profitable ecosystem. the largest owner of Broadway theaters—reacted fought ferociously on behalf of small RÉSUMÉ REVIEW _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _26 Macy’s decision last Monday to move the parade angrily. Relocating the parade will cost them vital business owners against building a THE WEEK AHEAD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _27 from Times Square next year for safety reasons has revenues during that lucrative weekend, they said. Pathmark supermarket in East set off a clash of corporate titans. See TUSSLE on Page 23 Harlem, and, a decade later, against a Walmart store on Staten Island. But the underdog narrative that ran REPORT REAL ESTATE through his three-decade career be- came muddied more recently as signs Tourists transforming retail landscape, emerged that Mr.Lipsky was following from Fifth Avenue to Brooklyn’s Dumbo P. 13 the money rather than his principles. Forest City Ratner hired him in NYC’s 20 biggest BIDs P. 17 2006 for its $5 billion Atlantic Yards NEWSPAPER See THE LOBBYIST on Page 24 20110314-NEWS--0002,0003-NAT-CCI-CN_-- 3/11/2011 8:22 PM Page 1 COMMENTARY Tapping into NYC’s m Some days, City unveils 10-year plan to transform you eat waterfront: 130 projects, no big ideas maining in office, the mayor has run BY JEREMY SMERD out of time for grand new initiatives. AND THERESA AGOVINO Recent years have seen cuts to the city’s The Lion capital plan. Private financing for ma- THE LANDLUBBER’S VERSION of New jor developments remains anemic. WAS A SPOILED RESTAURANT-GOER early on. York City may be skyscrapers and sub- And strict environmental laws and ways,but to seafarers,the five boroughs concerns over the destruction of wet- My father,a newspaper columnist,took me to are four islands and a peninsula lands limit the scope and pace of wa- only a handful of Manhattan restaurants, but wrapped in 520 miles of shoreline. terfront projects. Less, however, may they were good ones. And though usually not Nine years into his ad- be more. ministration,Mayor Michael BOTTOM LINE “The total may be greater the most important man in the room, he was Bloomberg, has for the first than the sum of its parts,”said treated like a king. time laid out a citywide vi- City Council Speaker Chris- I “BLUE NETWORK”: I thought of that while fuming at the bar at The sion for the comprehensive tine Quinn, who ushered development of this sixth $3.3B through legislation requiring The mayor and the Lion a few months back after waiting an hour for a SET ASIDE to City Council’s plan borough, as the administra- an updated waterfront plan table. Surrounded by a Sex and the City crowd and cover costs, with envisions New York tion calls the waterfront. A every decade. “That’s appro- as a premier waiting for the free champagne the apparently help- 190-page plan to be released half going to priate. New York is a diverse waterfront city. March 14 envisions New water treatment place and our waterfront less maître d’ had did you guess?— York as a waterfront city to should be diverse.” promised but things were dif- rival the likes of Seattle and San Fran- As a result of the plan’s reliance on never delivered, I ferent. cisco, where pleasure boats and ferries local projects, Vision 2020: New York thought back to “Mr. Gross!” connect humans and habitats. City’s Comprehensive Waterfront the couple of the maître d’ de- “When our work is complete, New Plan contains little in the way of new great meals I’d claimed as I York City will again be known as one ideas and no new funding. Instead, the had in The Lion’s walked in. “Your of the world’s premier waterfront 10-year plan sets its near-term sights pre-buzz period table is ready!” I cities,” Mr. Bloomberg said. on finishing what the mayor has al- and wondered if felt like I’d stum- But with less than three years re- See TAPPING on Page 24 I’d ever see its bled onto the set clubby dining of Cheers. Our room again. MICHAEL table was two Five minutes GROSS down from later, my group Calvin Klein and decamped for his boy toy—the Rudins’ Greenwich Village Piadina a block away.I vowed night’s star attractions. And never to return. You don’t immediately, the chef-pro- have to be spoiled to resent an prietor, John DeLucie, was at hour’s wait for a reserved our table. He knows he’s got- gamble back in the works table.
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