Reed appointed as the new president of DBP

Tucker Reed has been appointed as president of the Downtown Brooklyn Partnership (DBP), according to Alan Fishman, co-chair of DBP's board of directors. He is currently the director of special projects for Two Trees Management Co. From 2008-2009, Reed worked for the State Department in Baghdad, Iraq on the rebuilding of the city and serving as chief of staff of the Baghdad Provincial Reconstruction Team (PRT). He also served as the founding executive director of the DUMBO Improvement District and was a senior policy advisor for the Department of Small Business Services. The DBP, now in its sixth year of operation, has overseen the redevelopment of Downtown Brooklyn, and will continue to serve as the link between the public and private sectors in implementing the plan for Downtown Brooklyn. Since the organization was founded, it has overseen the implementation of $200 million in public investments, which spurred some $3.4 billion in private investment. "Tucker is well positioned to lead the Partnership and the ongoing transformation of Downtown Brooklyn as it continues to seek new investment, create jobs and prepare the area for an even greater influx of new residents," said Fishman. "Tucker is smart, he is well versed in government and real estate development, he has a strong ability to build relationships, and perhaps most importantly, has a clear vision for what is widely viewed as the fastest growing downtown in America." "There is something very special happening in Brooklyn right now, a significant moment in the history of our city, as job growth, entrepreneurship and residential development shifts the focus to Kings County. Downtown Brooklyn is the gateway to the Borough and the engine of its economic growth," said Reed. "I could not be more excited to be joining the Partnership and helping to support the creative forces that will shape the future of the borough." "The rejuvenation of Downtown Brooklyn is one of mayor Bloomberg's most important economic development priorities," said deputy mayor for Economic Development Robert Steel. "We are thrilled to build on the success of the Downtown Brooklyn Partnership and look forward to partnering with its new leader, Tucker Reed." "Tucker Reed is just the kind of young, energetic and dynamic leader Brooklyn needs to continue the successes of the Downtown Brooklyn Partnership, which have included everything from job creation and attracting desirable commercial and residential space, to bringing in diverse retail and expanding our higher education community," said Brooklyn borough president Marty Markowitz. "As a founding director of the DUMBO BID, Tucker helped turn one of Brooklyn's hippest neighborhoods into what it is today, and he has the experience and vision to continue the transformation of Downtown Brooklyn into a vibrant, 24/7, live-work urban center that is a model for cities around the world." As DBP president, Reed will oversee the organization's $6.7 million budget, and will develop and support policy initiatives geared toward attracting new investment to Downtown Brooklyn, already the city's third-largest business district. DBP also oversees management of the MetroTech BID, the Fulton Mall Improvement Association and Court-Livingston-Schermerhorn BID, and in his new role, Reed will oversee the continued consolidated management of these entities. The president reports to the board of directors, co-chaired by Fishman, Chairman of both Ladder Capital Finance and the Brooklyn Community Foundation and Robert Catell, former chairman of National Grid U.S. and Keyspan. Reed, 31, graduated from Wesleyan University in Connecticut in 2002 with a B.A. in Government and completed a Coro fellowship in Public Affairs in NYC in 2003. About the Downtown Brooklyn Partnership The Downtown Brooklyn Partnership is a non-profit, local development corporation created to foster the continued growth of the city's third-largest business district. Its core mission is to enhance the environment for investment in Downtown Brooklyn and bolster the district's position as a vibrant business center, retail destination and world-class cultural hub. Spearheaded by the area's key stakeholders - the business community, academic institutions and cultural organizations, in conjunction with city government - the Partnership harnesses the resources of both the public and private sectors. In addition, the organization works with the City to build public open space, revitalize area streetscapes and coordinate other infrastructure improvements. For more information, visit www.dbpartnership.org.