21. Michael Posillico
2011 Power List
The Posillico name has long been synonymous with development on Long Island. Today, the Posillico name is associated with perhaps the most important aspect of the Island’s development future due to Michael Posillico’s determined efforts in the area of brownfield redevelopment. Known as an unrelenting problem solver in his organization, Posillico takes on infrastructure challenges that many construction firms lack either the knowledge or the fortitude to confront. The current jewel in the Posillico crown is the Glen Isle project in Glen Cove, which seeks to restore more than 50 acres of contaminated waterfront property long considered undevelopable and uninhabitable into the largest mixed-use, smart growth development on LI. As one of 16 national EPA showcase projects, Glen Isle has the potential to be a game-changer in LI’s frustrated real estate landscape and may prove the disbelievers wrong by illustrating that the region can reshape its future and correct the horrific environmental issues from its past.