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By: Bar­rett Sea­man

October 1st 2023

In­ter­na­tional fi­nance ex­ec­u­tive and Irv­ing­ton na­tive Mar­tin (“Marty”) Dolan is de­clar­ing that he plans to en­ter the De­mo­c­ra­tic Party pri­mary next year for the Dis­trict 16 seat cur­rently held by Rep. Ja­maal Bow­man.

The lat­est New York State re­dis­trict­ing map (which may yet be re­vised again) puts the Town of Green­burgh, in­clud­ing the river­towns of Irv­ing­ton, Dobbs Ferry, Ard­s­ley and Hast­ings-on-Hud­son, as well as a sliver of Tar­ry­town into the dis­trict, which also em­braces the sound shore com­mu­ni­ties from parts of the Bronx to Portch­ester.

Marty Dolan was ed­u­cated in Irv­ing­ton schools, at Union Col­lege and Har­vard Busi­ness School. There­after, he em­barked on a ca­reer in fi­nance, work­ing for big banks in­clud­ing Sa­lomon Broth­ers, Lehman Broth­ers, Mor­gan Stan­ley and J.P. Mor­gan-Chase, as well as smaller banks and in­sur­ance com­pa­nies in New York, Lon­don, Paris and Bermuda. He now runs his own firm, de­scribed on its web site as “founded on the prin­ci­ple of con­nect­ing cor­po­rate strat­egy and cor­po­rate fi­nance in one in­de­pen­dent ad­vi­sory firm.”

Dolan’s Ar­gen­tine-born fa­ther Mario was a well-known fam­ily physi­cian in Irv­ing­ton. “He and my mother raised nine of us, Marty Dolan wrote on In­sta­gram over the week­end. “We were in two bed­rooms on Main Street in Irv­ing­ton, his med­ical of­fice in the base­ment, com­plete with an X-ray ma­chine to make it eas­ier for his pa­tients – the ‘can do’ at­ti­tude.”

Top­ping his cam­paign agenda, which he has yet to spell out, are Westch­ester’s prop­erty taxes, the high­est in the na­tion. He claims they are dri­ving away high net-worth res­i­dents and mak­ing life un­af­ford­able for every­one else. “This af­fects not only home­own­ers but busi­nesses and renters too,” he says.  “In New York City, falling stan­dards are lead­ing to ‘death by a thou­sand cuts’ on the streets, the stores, and in the sub­ways.

“Even though Westch­ester is­n’t part of New York City,” he rea­sons, “the sub­urbs’ four mil­lion monthly com­muters mean we are all in this to­gether—and  we all should ex­pect bet­ter.”

For now, Dolan re­fuses to spell out just how he would re­form the prop­erty tax­ing sys­tem, in which school taxes ab­sorb roughly two-thirds of home­own­ers’ over­all lo­cal tax bur­den. It would not be il­log­i­cal, how­ever, to as­sume that he would ap­ply tools learned through three decades of deal­ing with pub­lic and pri­vate debt re­struc­tur­ing.

In his de­c­la­ra­tion, which he is re­leas­ing as the new week be­gins, Dolan cites a record of “de­vis­ing in­no­v­a­tive strate­gies for the U.S. li­a­bil­ity cri­sis, help­ing the re­cov­ery from the World Trade Cen­ter at­tack and Hur­ri­cane Ka­t­rina and ad­dress­ing the global fi­nan­cial cri­sis” as qual­i­fy­ing cre­den­tials. He claims to have ini­tial fund­ing, staff sup­port and a cam­paign ad­vis­ing firm as his ini­tial team.

Dolan has no pre­vi­ous in­volve­ment in elec­tive pol­i­tics. The only other known chal­lenger for Bow­man’s seat, so far, is Michael Ger­ald, Se­nior Pas­tor of Shiloh Bap­tist Church in Tuck­a­hoe and a for­mer law en­force­ment of­fi­cer.

Ja­maal Bow­man is a for­mer high school teacher and founder of the Cor­ner­stone Acad­emy for So­cial Ac­tion, a mid­dle school in the Bronx. In the 2022 De­mo­c­ra­tic pri­mary, he gar­nered more votes than his three com­peti­tors com­bined. He went on to de­feat Re­pub­li­can chal­lenger Miriam Flisser in the gen­eral elec­tion by nearly two-to-one. He has solid sup­port from the dis­tric­t’s lib­eral wing. To put up any kind of a chal­lenge, Dolan will have to at­tract the dis­tric­t’s cen­trist vot­ers.

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