A heavy-hitting panel of Wall Street executives and others with deep roots in lower Manhattan and the Republican Party were named Thursday to oversee the reconstruction of the World Trade Center site.
New York Gov. George Pataki and Mayor Rudolph Giuliani selected the Lower Manhattan Redevelopment Corp. board, which will direct the design of the area destroyed in the Sept. 11 attacks and the allocation of billions of dollars in federal, state and private funds for the work.
John Whitehead, a former Goldman, Sachs & Co. senior partner and GOP fund-raiser, will chair the group. Also named were: Roland Betts, former owner of the Texas Rangers baseball team and college roommate of President Bush; Dick Grasso, chairman and chief executive of the New York Stock Exchange; and Frank Zarb, the former chair and CEO of Nasdaq.
