Downtown Alliance, the Business Improvement District comprising much of Lower Manhattan, will reportedly name Brookfield Properties Chairman Ric Clark as its next chairman.

Clark has been a senior executive with Brookfield and its affiliates since 1984, and in that time has seen the area covered by Downtown Alliance affected by departures from Wall Street for Midtown office space, and notably, the devastation of the 9/11 attacks. He will be voted in unanimously to succeed Alan Scott after the latter declined to run for re-election, the New York Post reports.

Brookfield's repositioning of the World Financial Center into retail complex Brookfield Place under Clark's leadership has been credited as playing a large part in the area's revival in the past decade, and now Clark will oversee the direction of the Downtown Alliance as well.

The BID, like its 73 counterparts across New York City, is tasked with public safety, beautification and cleanliness initiatives, as well as business advocacy and recruitment. Executive Director Jessica Lappin remains the day-to-day leader of the operation.