Daniel L. Doctoroff
Encyclopedia
Daniel L. Doctoroff became President of Bloomberg L.P.
, the leading global provider of financial data, analytics and news, in January 2008. He was the longest-serving deputy mayor
for economic development
and rebuilding of the City of New York
, under Mayor
Michael R. Bloomberg from 2001 through 2007.
As Deputy Mayor responsible for Economic Development and Rebuilding, Dan oversaw more than 40 city agencies, offices and corporations, including the Departments of Buildings, Transportation, Environmental Protection, Information Technology and Telecommunications, City Planning, Finance, Small Business Services, Housing Preservation and Development, the Economic Development Corporation, and the Mayor's offices of Operations and Long-term Planning and Sustainability. Deputy Mayor Doctoroff was responsible for 289 separate projects and initiatives, including the Mayor's PlaNYC agenda, which made New York a global leader in sustainability. He has also served as the Administration's point person on the rebuilding of Lower Manhattan after the devastation of 9/11.
Before joining the Bloomberg administration, Doctoroff was Managing Partner of Oak Hill Capital Partners, a private equity investment firm. During his fourteen-year association with Oak Hill, Doctoroff was actively involved in the acquisition and management of many companies, including those in the media, financial services and information services sectors. While at Oak Hill, during 1994, Doctoroff founded NYC2012, the not-for-profit corporation created to organize New York City's bid for the 2012 Olympics. He was recruited into the Bloomberg administration in late 2001.
Doctoroff previously worked as an investment banker at the former Lehman Brothers
. Mr. Doctoroff received a B.A. degree from Harvard College
in 1980. He received a J.D. degree from the University of Chicago Law School
in 1984. Before attending law school, Doctoroff was a political pollster.
When Doctoroff stepped down from the Bloomberg administration to join Bloomberg L.P. in December 2007, Mayor Bloomberg commented: "As the chief architect of our five-borough economic development plan, Dan Doctoroff has done more to change the face of this city than anyone since Robert Moses. As a result of Dan's efforts, we've allowed for the creation of 130000000 square feet (12,077,395.2 m²) of commercial and residential space, three new sports arenas, a new subway line, 2400 acres (9.7 km²) of parks, the regeneration of more than 60 miles (96.6 km) of waterfront, all while displacing only 400 residents. The initiatives Dan has spearheaded and the strong leadership he provided daily to the city's business and financial communities were essential to the strong and unexpectedly fast economic recovery we made after the destruction of 9/11. His efforts were instrumental in helping us create more than a hundred thousand jobs and a climate where businesses wanted to locate and people wanted to work. His
impact will be felt for decades to come....For the past six years I have sat eight feet away from Dan and have seen
the countless daily demonstrations of his extraordinary vision, creativity, energy and his ability to attract and motivate talented staff, and achieve goals that no one thought possible. I have asked Dan to continue to oversee some of the city's most critical projects during a transition period in 2008, and I'm delighted that Dan will bring his exceptional leadership qualities to Bloomberg L.P.. At $1 per year, for six years, the $6 we have paid Dan makes his service to New York perhaps on of the greatest bargains for the city since the purchase of Manhattan for $24."
Excerpt from a statement issued by City Hall on December 6, 2007: Deputy Mayor Doctoroff and the City Planning Commission under Amanda Burden, have fundamentally changed the way that the city approaches the land-use process, by using zoning
laws to foster new development, create mixed use communities, improve the quality of life and to enhance tax revenues. As a result, under the Deputy Mayor's leadership, the city has successfully undertaken 78 re-zonings across all five boroughs, covering more than 6,000 thousand city blocks, the most fundamental and geographically significant changes since
the 1960s. These re-zonings will allow New York to meet the demand for the housing, office and commercial space that the city's population needs as it continues to grow. The re-zonings will also create thousands of acres of new parkland, and will preserve the integrity of communities facing overdevelopment.
Undertaking the most comprehensive and ambitious municipal affordable housing construction program in the nation's history, Deputy Mayor Doctoroff has overseen a commitment by the Mayor, through the Housing Preservation and Development Corporation (HPD) and the Housing Development Corporation (HDC) to build 165,000 units of affordable housing by 2013. 65,000 of the units envisioned under the Mayor's New Housing Marketplace Plan are currently completed, under construction or funded. By finding
and making land accessible for new affordable housing development through re-zonings, creating incentives for private developers to build affordable housing, and working to preserve, maintain and improve existing affordable housing units, this $7.5 billion plan will provide affordable housing for more than 500,000 New Yorkers.
Deputy Mayor Doctoroff and his teams in the Mayor's Office of Long-Term Planning and Sustainability and the Mayor's Office of Operations have created PlaNYC, which is the Bloomberg Administration's blueprint for creating a more sustainable City and for meeting the challenges we face as the City's population grows by nearly one million people over the next two decades. The cornerstone of the plan is a commitment to reduce greenhouse gas emissions in City buildings and operations by 30% over the next decade and citywide between now and 2030. The 127 separate initiatives laid out in PlaNYC comprehensively look at the energy, water, infrastructure, land, housing, open space, and transportation needs of the City moving forward.
PlaNYC initiatives include plans to: convert the taxi fleet to hybrid; plant one million trees on streets and parks in all five boroughs; complete eight regional destination parks; convert underutilized schoolyards to playgrounds; clean and reuse brownfields for economic development; continue re-zonings to create affordable housing, and to reduce traffic congestion and substantially expand mass transit services through a broad range of initiatives, including congestion pricing.
Other major projects and initiatives spearheaded by Deputy Mayor Doctoroff include:
Doctoroff first termed the area 'Hudson Yards' as part of the 2012 Olympic Bid in 1999;
Dan Doctoroff was born in Newark, New Jersey
, and grew up in Birmingham, Michigan
. He married his wife, Alisa Robbins Doctoroff, in 1981, having met in freshman year of college. They have three children—Jacob(21), Ariel(18), and Jenna (16). They currently reside in New York City.
Doctoroff announced that he would be leaving the Mayor's office on December 6, 2007, to return to the private sector as the president of Bloomberg L.P., a position he has commenced in February 2008. In addition, Doctoroff is a member of the Committee on Capital Markets Regulation
.
Bloomberg L.P.
Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...
, the leading global provider of financial data, analytics and news, in January 2008. He was the longest-serving deputy mayor
Deputy Mayor
Deputy mayor is an elective or appointive office of the second-ranking official in many local governments. Many elected deputy mayors are members of the city council who are given the title and serve as acting mayor in the mayor's absence...
for economic development
Economic development
Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area...
and rebuilding of the City of New York
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, under Mayor
Mayor of New York City
The Mayor of the City of New York is head of the executive branch of New York City's government. The mayor's office administers all city services, public property, police and fire protection, most public agencies, and enforces all city and state laws within New York City.The budget overseen by the...
Michael R. Bloomberg from 2001 through 2007.
As Deputy Mayor responsible for Economic Development and Rebuilding, Dan oversaw more than 40 city agencies, offices and corporations, including the Departments of Buildings, Transportation, Environmental Protection, Information Technology and Telecommunications, City Planning, Finance, Small Business Services, Housing Preservation and Development, the Economic Development Corporation, and the Mayor's offices of Operations and Long-term Planning and Sustainability. Deputy Mayor Doctoroff was responsible for 289 separate projects and initiatives, including the Mayor's PlaNYC agenda, which made New York a global leader in sustainability. He has also served as the Administration's point person on the rebuilding of Lower Manhattan after the devastation of 9/11.
Before joining the Bloomberg administration, Doctoroff was Managing Partner of Oak Hill Capital Partners, a private equity investment firm. During his fourteen-year association with Oak Hill, Doctoroff was actively involved in the acquisition and management of many companies, including those in the media, financial services and information services sectors. While at Oak Hill, during 1994, Doctoroff founded NYC2012, the not-for-profit corporation created to organize New York City's bid for the 2012 Olympics. He was recruited into the Bloomberg administration in late 2001.
Doctoroff previously worked as an investment banker at the former Lehman Brothers
Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
. Mr. Doctoroff received a B.A. degree from Harvard College
Harvard College
Harvard College, in Cambridge, Massachusetts, is one of two schools within Harvard University granting undergraduate degrees...
in 1980. He received a J.D. degree from the University of Chicago Law School
University of Chicago Law School
The University of Chicago Law School was founded in 1902 as the graduate school of law at the University of Chicago and is among the most prestigious and selective law schools in the world. The U.S. News & World Report currently ranks it fifth among U.S...
in 1984. Before attending law school, Doctoroff was a political pollster.
When Doctoroff stepped down from the Bloomberg administration to join Bloomberg L.P. in December 2007, Mayor Bloomberg commented: "As the chief architect of our five-borough economic development plan, Dan Doctoroff has done more to change the face of this city than anyone since Robert Moses. As a result of Dan's efforts, we've allowed for the creation of 130000000 square feet (12,077,395.2 m²) of commercial and residential space, three new sports arenas, a new subway line, 2400 acres (9.7 km²) of parks, the regeneration of more than 60 miles (96.6 km) of waterfront, all while displacing only 400 residents. The initiatives Dan has spearheaded and the strong leadership he provided daily to the city's business and financial communities were essential to the strong and unexpectedly fast economic recovery we made after the destruction of 9/11. His efforts were instrumental in helping us create more than a hundred thousand jobs and a climate where businesses wanted to locate and people wanted to work. His
impact will be felt for decades to come....For the past six years I have sat eight feet away from Dan and have seen
the countless daily demonstrations of his extraordinary vision, creativity, energy and his ability to attract and motivate talented staff, and achieve goals that no one thought possible. I have asked Dan to continue to oversee some of the city's most critical projects during a transition period in 2008, and I'm delighted that Dan will bring his exceptional leadership qualities to Bloomberg L.P.. At $1 per year, for six years, the $6 we have paid Dan makes his service to New York perhaps on of the greatest bargains for the city since the purchase of Manhattan for $24."
Excerpt from a statement issued by City Hall on December 6, 2007: Deputy Mayor Doctoroff and the City Planning Commission under Amanda Burden, have fundamentally changed the way that the city approaches the land-use process, by using zoning
laws to foster new development, create mixed use communities, improve the quality of life and to enhance tax revenues. As a result, under the Deputy Mayor's leadership, the city has successfully undertaken 78 re-zonings across all five boroughs, covering more than 6,000 thousand city blocks, the most fundamental and geographically significant changes since
the 1960s. These re-zonings will allow New York to meet the demand for the housing, office and commercial space that the city's population needs as it continues to grow. The re-zonings will also create thousands of acres of new parkland, and will preserve the integrity of communities facing overdevelopment.
Undertaking the most comprehensive and ambitious municipal affordable housing construction program in the nation's history, Deputy Mayor Doctoroff has overseen a commitment by the Mayor, through the Housing Preservation and Development Corporation (HPD) and the Housing Development Corporation (HDC) to build 165,000 units of affordable housing by 2013. 65,000 of the units envisioned under the Mayor's New Housing Marketplace Plan are currently completed, under construction or funded. By finding
and making land accessible for new affordable housing development through re-zonings, creating incentives for private developers to build affordable housing, and working to preserve, maintain and improve existing affordable housing units, this $7.5 billion plan will provide affordable housing for more than 500,000 New Yorkers.
Deputy Mayor Doctoroff and his teams in the Mayor's Office of Long-Term Planning and Sustainability and the Mayor's Office of Operations have created PlaNYC, which is the Bloomberg Administration's blueprint for creating a more sustainable City and for meeting the challenges we face as the City's population grows by nearly one million people over the next two decades. The cornerstone of the plan is a commitment to reduce greenhouse gas emissions in City buildings and operations by 30% over the next decade and citywide between now and 2030. The 127 separate initiatives laid out in PlaNYC comprehensively look at the energy, water, infrastructure, land, housing, open space, and transportation needs of the City moving forward.
PlaNYC initiatives include plans to: convert the taxi fleet to hybrid; plant one million trees on streets and parks in all five boroughs; complete eight regional destination parks; convert underutilized schoolyards to playgrounds; clean and reuse brownfields for economic development; continue re-zonings to create affordable housing, and to reduce traffic congestion and substantially expand mass transit services through a broad range of initiatives, including congestion pricing.
Other major projects and initiatives spearheaded by Deputy Mayor Doctoroff include:
- Conceiving an entirely new Far West Side, including the massive 2005 Hudson Yards rezoning to provide for the city's future growth, allowing for 25000000 square feet (2,322,576 m²) of new commercial space and 14,000 units of housing, all surrounding a dramatic new Hudson Boulevard, resulting in enormous value creation, tax revenues and early development. Deputy Mayor
Doctoroff first termed the area 'Hudson Yards' as part of the 2012 Olympic Bid in 1999;
- Creative financingCreative financingCreative financing is a term used widely amongst real estate investors to refer to non-traditional means of real estate financing, or financing techniques not commonly used. The goal of creative financing is generally to purchase, or finance a property, with the buyer/investor using as little of...
of the #7 subway line extension, the first line extension in 30 years and the first to be funded by the city in decades;
- Initiating the West Side Rail Yards RFP process, now underway, to develop an extraordinary 26 acres (105,218.4 m²) site over the LIRR yards, the largest vacant site in Manhattan;
- Preserving the High Line, with a $100 million commitment of city funds, and the associated rezoning of West Chelsea, to create an exciting new district that is generating not just development activity but creative energy in the arts and commerce;
- Re-zoning the Greenpoint-Williamsburg waterfront, which has already unleashed tremendous construction and activity, and the creation of a great new waterfront park;
- Re-zoning downtown Brooklyn, which now has 10,000 residential units under construction, reversing a 40-year decline;
- Negotiating incentives for the construction of modern baseball stadiums for the Yankees and the Mets;
- Renegotiating the lease with the Port Authority for the land under the airports, generating billions of additional revenues for the city;
- Awarding the long-delayed contract for street furniture, now visible on streets across the city, resulting in more than $1 billion in revenues for the city;
- Overseeing the creation of office of Small Business Services and the implementation of 14 new Business Improvement Districts throughout the five boroughs to spur jobs and support small business;
- Developing the extraordinarily successful Lower Manhattan Vision, shortly after 9/11, to use investments and incentives to convert the declining downtown into a vibrant 24/7 community with housing, retail and parks;
- Designing an innovative new agency to promote and market the city around the world for tourism and events, producing record levels of tourists, and
- Rezoning Jamaica Center to be a modern commercial hub, benefiting from its airport proximity.
Dan Doctoroff was born in Newark, New Jersey
Newark, New Jersey
Newark is the largest city in the American state of New Jersey, and the seat of Essex County. As of the 2010 United States Census, Newark had a population of 277,140, maintaining its status as the largest municipality in New Jersey. It is the 68th largest city in the U.S...
, and grew up in Birmingham, Michigan
Birmingham, Michigan
Birmingham is a city in Oakland County of the U.S. state of Michigan and an affluent suburb of Detroit. As of the 2010 census, the population was 20,103...
. He married his wife, Alisa Robbins Doctoroff, in 1981, having met in freshman year of college. They have three children—Jacob(21), Ariel(18), and Jenna (16). They currently reside in New York City.
Doctoroff announced that he would be leaving the Mayor's office on December 6, 2007, to return to the private sector as the president of Bloomberg L.P., a position he has commenced in February 2008. In addition, Doctoroff is a member of the Committee on Capital Markets Regulation
Committee on Capital Markets Regulation
The Committee on Capital Markets Regulation is an independent and nonpartisan 501 research organization dedicated to improving the regulation of U.S. capital markets.-Background:...
.