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Vol. 46, # 6 | February 5, 2007

BREAKING NEWS

Five-alarm fire in Mount Vernon Wednesday night

By BRYAN F. YURCAN

A five-alarm fire in Mount Vernon Wednesday night destroyed a furniture and upholstery manufacturing business, according to the Mount Vernon Fire Department.

Red Cross shakeup: 2 national execs to county chapter

By ALEX PHILIPPIDIS

Two national Red Cross executives have taken over day-to-day leadership of the chapter, plagued in recent years by losses and a revolving door of top management.

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Cover Story

New doctor in the house
By CHRISTINA OCCHIPINTI

Dr. Karl P. Adler is a man who knows what he wants.

It’s only been a month since Adler took over as president and chief executive officer of New York Medical College in Valhalla, but he is already well aware of the direction he wants to take the Roman Catholic medical school.

Top Stories

People’s Bank set to branch out in Westchester
By ALEXANDER SOULE
People’s Bank is establishing its Westchester County beachhead in the heart of White Plains, N.Y., where the bank will attempt to duplicate the formula that has made it Connecticut’s second-largest bank.

Council tiff leaves TIF up in the air
By ALEX PHILIPPIDIS
Disagreement between two key members of the Yonkers City Council threatens to torpedo the first-in-the-state public financing plan sought by the developers behind the $3 billion-plus extreme makeover of the city’s downtown and waterfront areas.

Ossining on cusp of revival, mayor says
By ALEX PHILIPPIDIS
At one corner of her Enjoy!!! Tea Room in Ossining, Susan Kelly displays colorful tins, about 10 to a shelf, each tin containing any of 40 varieties of the ancient beverage. Favorites such as English breakfast and Earl Grey sell for $5 a quarter pound; organic and decaffeinated, $10.

Yonkers taps Pataki official for top planning-development post
By ALEX PHILIPPIDIS
Louis Kirven, the state’s economic development official focused on Westchester during George E. Pataki’s tenure as governor, has been appointed acting commissioner of planning and development for Yonkers.

Push is on to create affordable housing
By BRYAN F. YURCAN
The Anti-Discrimination Center of Metro New York, a Manhattan-based activist group, filed a lawsuit arguing that Westchester County has hindered the construction of affordable housing in its borders due to restrictive local zoning laws.

New name, focus for Reckson successor
By ALEX PHILIPPIDIS
Reckson Associates Realty Corp. has transformed into RexCorp Realty L.L.C. – complete with new logo and an all-new structure -- following the Jan. 25 closing of the former company’s $6 billion acquisition by SL Green Realty Corp.

Guidelines sought for new data-retention rules
By BRYAN F. YURCAN
Members of both the legal and business communities are still adapting to changes in the Federal Rules of Civil Procedure.

MBIA settles fraud case
By BRYAN F. YURCAN
Armonk-based MBIA Inc. agreed to pay $75 million to settle a fraud investigation, the New York state attorney general’s office reported last week.

Median house price dips; sales warm in final months
By ALEX PHILIPPIDIS
The median price of a single-family house in Westchester dipped year-to-year in 2006 for the first time in a dozen years – down 3.4 percent to $630,000.