- Associated Press - Wednesday, March 25, 2015

NEW YORK (AP) - The president of the Economic Development Corporation has announced plans to step down this summer.

Kyle Kimball joined the corporation in 2008 and was appointed its president by Mayor Michael Bloomberg in 2013.

Kimball said he was ready for new opportunities.

He played leading roles in the redevelopment of the Brooklyn Army Terminal and development of a technology campus on Roosevelt Island, among other projects.

His focus shifted from commercial development to affordable housing projects under Mayor Bill de Blasio.

In announcing his decision, Kimbal cited one of his recent accomplishments - the creation of a citywide ferry service.

He said Tuesday that he expects to leave by June.

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