Board of Commissioners

Anthony R. Coscia, Chairman

Anthony R. Coscia was appointed Chairman of the Board of Commissioners of the Port Authority of New York and New Jersey in April 2003. As Chairman, Mr. Coscia has broad oversight responsibility in connection with the agency's various transportation businesses and $5.9 billion annual capital and operating budget. He spearheaded the agency's adoption of a $29.5 billion ten year capital plan, which provides for substantial expansion of the region's transportation facilities, including development of a new trans-Hudson rail tunnel, expanded aviation facilities and rebuilding of the World Trade Center Site.

Mr. Coscia is a Partner of Windels Marx Lane & Mittendorf, LLP, one of the New York region's oldest law firms, and holds a seat on its Executive Committee. He has specific experience in the area of corporate, financial and real estate transactions. From February 1992 to March 2003, Mr. Coscia served as Chair of the New Jersey Economic Development Authority. He serves as a trustee of the New Jersey Network Foundation, New Jersey Community Development Corporation and the Liberty Science Center Foundation, and is a member of the Partnership for New York City and the New Jersey Performing Arts Center Council of Trustees. Mr. Coscia is a graduate of the Georgetown University School of Foreign Service and received his law degree from the Rutgers University School of Law. He was awarded an honorary degree in 2007 from the New Jersey Institute of Technology. He has served on the board of public and closely held corporations in the financial services, manufacturing and real estate sectors.

Committee Assignments: Operations (Chair), Governance and Ethics (Vice Chair) and Finance (Vice Chair).

Stanley E. Grayson, Vice Chairman

Stanley E. Grayson was appointed to the Board of Commissioners in December 2008 by Governor Paterson. He was elected Vice-Chairman of the agency on May 18, 2010. Mr. Grayson is the Vice Chairman and Chief Operating Officer of M. R. Beal & Company, an African American owned investment banking firm specializing in the structuring, underwriting and selling of municipal bonds and notes along with fixed income and equity securities, trading and financial advisory services to state and local governments, public authorities, non-profits and corporations throughout the United States.

Prior to joining M. R. Beal & Company, Mr. Grayson was the Managing Director and Manager of the Public Finance Department of Prudential Securities Incorporated and member of the firm’s Operating Council. From 1990 through 1996, Mr. Grayson was a Vice President at Goldman, Sachs & Co. in the Municipal Bond Department’s Infrastructure and General Banking Group.

Immediately proceeding his investment-banking career, Mr. Grayson served as Deputy Mayor for Finance and Economic Development for the City of New York. As Deputy Mayor, Mr. Grayson was responsible for formulating and guiding the City’s policies to expand economic activity, retain and create jobs, attract new businesses, increase the local tax base, and maintain and improve the City’s business climate and condition. As Deputy Mayor, he oversaw the City’s Finance Department, Department of Employment and four economic development agencies: The Office of Business Development, The Department of Ports and Trade, The Public Development Corporation, and The Financial Services Corporation.

Previously, Mr. Grayson served as the City’s Finance Commissioner. From December 1984 through December 1987 he served as Commissioner and Chairman of Financial Services Corporation – a not-for-profit organization and predecessor agency to the City’s Economic Development Corporation. Mr. Grayson also served at that time as Chairman of the City’s Industrial Development Agency. Prior to serving in the administration of Former Mayor Edward J. Koch, Mr. Grayson was a member of the Law Department of the Metropolitan Life Insurance Company in New York City, where he specialized in the areas of corporate finance and securities investments.

Mr. Grayson received his law degree from The University of Michigan Law School and his Bachelor of Arts from The College of the Holy Cross. He is a member of the New York State Bar, and serves on the Board of Directors of New York Catholic Charities, The Alliance for Downtown Business, Brooklyn Information and Culture (BRIC), The New York City School Construction Authority, Municipal Securities Rulemaking Board (MSRB) and is a Trustee of The Churchill School and Center.

Committee Assignments: Construction and Capital Programs/Agency Planning (Vice-Chair).

Virginia S. Bauer

Virginia S. Bauer was appointed to the Board of Commissioners in June 2007 by Governor Corzine. Ms. Bauer is currently the Senior Vice President of Development at the Covenant House in New York City, the nation’s largest adolescent care agency serving homeless, runaway and at-risk youth. Previously, Ms. Bauer served as CEO and Secretary of the New Jersey Commerce, Economic Growth & Tourism Commission from December 2004 to July 2007. In her role as Commerce Secretary, Ms. Bauer was the state's lead advocate for business - from strengthening New Jersey's business attraction and retention programs to managing the Urban Enterprise Zone Program and maintaining the Garden State's standing in the global marketplace to promoting the state as a premier vacation destination. She worked with fellow Cabinet officers to resolve businesses regulatory disputes, identify appropriate job creation incentives, and obtain financing. In particular, she formed a job creation partnership, "New Jersey Works for You," with the Economic Development Authority and the New Jersey Department of Labor and Workforce Development.

Ms. Bauer is the former Director of the New Jersey Lottery. Under her leadership, the agency achieved a $2.2 billion sales year in Fiscal 2004, the Lottery's best sales year ever. Ms. Bauer, a widow of a New Jersey victim of the September 11, 2001 attack on the World Trade Center, is a mother of three from Red Bank, NJ. She has been a key activist on behalf of the families of the 9/11 victims, after her husband David, a Cantor Fitzgerald employee, was killed in the World Trade Center.

Committee Assignments: Operations, Capital Programs/Agency Planning, and Governance and Ethics.

Michael J. Chasanoff

Michael J. Chasanoff was appointed to the Board of Commissioners of The Port Authority of New York and New Jersey by Governor Pataki in April 1999. He is founder and Managing Partner of Chasanoff Properties, a real estate development firm, and formerly was Director of the Frontier Insurance Company. Mr. Chasanoff served as a Director of the 1995 Special Olympics World Summer Games and The Washington Institute for Near East Policy. Mr. Chasanoff has also been a Director of several harness racing entities through the years, including the Hall of Fame. He currently serves on the Board of the Cardiovascular Institute of Mount Sinai Medical Center. He received his Bachelor of Arts degree from Yale College.

Committee Assignments: Finance, and Construction.

H. Sidney Holmes III

H. Sidney Holmes III was appointed to the Board of Commissioners in May 2008 by Governor Paterson. Mr. Holmes is a Corporate Partner of Winston & Strawn LLP and works in the area of public finance. Mr. Holmes has served as bond counsel, underwriter’s counsel, and bank counsel in virtually every type of municipal bond financing throughout the United States and its territories. He has extensive experience in industrial and economic development revenue bond financing. He has served as counsel on hospital facilities financings, solid waste disposal facilities financings, electric generating facilities financings, cogeneration facilities financings, transportation facilities financings, and sports facilities financings. Mr. Holmes also has represented a number of foreign and domestic banks as credit and liquidity providers of municipal debt. He has served as bond counsel, bank counsel, and counsel to the underwriters in transactions involving variable rate bonds, swaps, and other derivative products. His representative clients include state and local governmental agencies and major financial institutions. Mr. Holmes is a Vietnam-era veteran and served in the U.S. Army Finance Corps. Prior to attending law school, Mr. Holmes co-founded a chain of health and beauty aid discount stores. Mr. Holmes is a Commissioner of the New York Insurance Fund and a board member of the New York Urban League, the Greater Jamaica Development Corporation, and the Brooklyn Navy Yard Development Corporation. Mr. Holmes received a B.A. from Columbia University and a J.D. from Hofstra University School of Law.

Committee Assignments: Audit, Finance, Operations, and Security.

Jeffrey A. Moerdler

Jeffrey A. Moerdler was appointed to the Board of Commissioners in April 2010 by Governor Paterson. Mr. Moerdler is a Member of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. where he is the New York office Section Head for the Real Estate and Communications Sections and is a member of the Environmental Section. His real estate practice is both national and local and includes representation of landlords and tenants in all types of leases, counseling owners and developers in the acquisition, sale, development and renovation of property, advising lenders and borrowers in commercial loans, and the representation of all parties in real estate litigation.

Mr. Moerdler has been a general commercial real estate attorney for almost thirty years. He has represented large national companies, particularly in the high-tech, telecommunications, financial services, health care, supermarket and oil and gas sectors, as well representing numerous smaller local clients. During the past twenty years, he has developed a unique specialty practice in the intersection of real estate and communications issues.

Mr. Moerdler is a member of the Executive Committee of the Real Property Section of the New York State Bar Association. Previously, he has served in numerous governmental positions, including representative of the President Pro Tem of the New York State Senate on the New York State Financial Control Board; Member of the New York State Banking Board; Member of the Departmental Disciplinary Committee of the Appellate Division, First Department, of the New York State Supreme Court; Assistant to the First Deputy Mayor of the City of New York; and Assistant to the Deputy Borough President of the Borough of Manhattan.

Mr. Moerdler is admitted to practice in the States of New York, Florida and Massachusetts, in the District of Columbia, and before the United States District Courts for the Southern and Eastern Districts of New York. He attended the Horace Mann School and was awarded his B.A. by Columbia College of Columbia University and his J.D. by the New York University School of Law.

Mr. Moerdler has written numerous articles on communications and real estate subjects. He is regularly quoted in The New York Times, The Wall Street Journal, Commercial Property News, Real Estate Weekly and other publications. In recognition of his professional achievement, in 2002 he was elected as a Fellow of the American College of Real Estate Lawyers (ACREL) and every year commencing with 2006 he has been a New York Super Lawyer in The New York Times.

Committee Assignments: To be determined.

Raymond M. Pocino

Raymond Pocino was appointed to the Board of Commissioners in June 2002 by Governor McGreevey. Mr. Pocino is a 50-year member of the Laborers’ International Union of North America (LIUNA). He was appointed regional manager of LIUNA’s Eastern Region Office in April 1995 and later won election as a LIUNA Vice President in September 1996. He was re-elected to additional five-year terms in 2001 and again in 2007. In his dual positions as Vice President and Eastern Regional Manager, Mr. Pocino directs and oversees activities that affect the working lives of some 40,000 laborers in the New Jersey, Delaware, New York City and Long Island geographical area. Previously, Mr. Pocino served four terms as President and Business Manager of Construction & General Laborers Local 172 in Trenton, NJ and four terms as a commissioner and chairman of the New Jersey Turnpike Authority. Mr. Pocino also serves as Vice Present of the NJ State AFL-CIO and serves as a trustee of both the NJ Alliance for Action and New Jersey SEED.

Committee Assignments: Construction (Chair), Finance, Audit, and Security.

Anthony J. Sartor, Ph.D., P.E., P.P.

Anthony J. Sartor was appointed to the Board of Commissioners in March 1999. His most recent reappointment to the Board was in January 2008 by Governor Corzine. Dr. Sartor is currently the Chairman and Chief Executive Officer of Paulus, Sokolowski & Sartor, located in Warren, New Jersey. Prior to his appointment to The Port Authority Board, he served from 1992 to 1999 as a Commissioner of The New Jersey Sports and Exposition Authority. A pioneer in the environmental engineering field since the 1960’s, Dr. Sartor received his Ph.D. and Masters degree from the University of Michigan in Chemical Engineering and his Bachelors degree from Manhattan College. He is listed in Who’s Who in America, Who’s Who in American Science and Engineering, American Men and Women of Science, as well as many other national and international directories.

Committee Assignments: Construction, Capital Programs/Agency Planning (Chair), Governance and Ethics, Security (Vice Chair), and WTC Redevelopment Subcommittee (Chair).

Henry R. Silverman

Henry R. Silverman was appointed to the Board of Commissioners in June 2002 by Governor Pataki. He served as Vice-Chairman of the agency from May 24, 2007 to May 18, 2010. Currently, Mr. Silverman is Vice Chairman and Chief Operating Officer at Apollo Global Management, a leading alternative asset manager.

Prior to Apollo, for 17 years Mr. Silverman served as Chairman and CEO of Cendant Corporation and its predecessor and successor. Cendant was a “Fortune 100” company and the largest global provider of consumer and business services within the travel and residential real estate sectors prior to its separation into several new companies in late 2006. He continues to serve as Chairman of Realogy Corporation, formerly Cendant’s real estate division.

Mr. Silverman is a trustee of New York University School of Medicine and Medical Center. Mr. Silverman has long been involved with numerous philanthropic, public service and social policy initiatives. He is a former trustee of the Whitney Museum of American Art, the Dance Theatre of Harlem, the University of Pennsylvania, Penn Medicine, New York University and the NYU Child Study Center. He is also a former member of the Business Roundtable and the G-100.

Mr. Silverman's philanthropy includes Silverman Hall, the Silverman-Rodin scholars and the Silverman Professor of Law at Penn Law School, and the Silverman Professor of Obstetrics and Gynecology at NYU School of Medicine. Mr. Silverman is a graduate of Williams College and the University of Pennsylvania Law School.

Committee Assignments: Finance (Chair), Governance and Ethics (Chair), and Operations (Vice Chair).

David S. Steiner

David S. Steiner was appointed to the Board of Commissioners by Governor McGreevey in January 2003. Mr. Steiner is currently the Chairman of Steiner Equities Group, LLC a real estate development firm specializing in industrial office parks and commercial facilities in New Jersey and 14 other states and based in Roseland, New Jersey. Mr. Steiner recently built Steiner Studios, an unprecedented 280,000 square foot, $118 million state-of-the-art film and television production facility, situated on a 15-acre site at the historic Brooklyn Navy Yard. Mr. Steiner has worked with federal agencies such as the EPA and with Congressional committees and organized lobbying programs relating to land use regulation and industrial development. He is highly active in public service. Previously he served as vice president of the Washington Institute for Far East Policy. Mr. Steiner graduated from Carnegie Institute of Technology with a degree in Civil Engineering.