DOWNTOWN LOS ANGELES – Matthew Karatz, the deputy mayor for the Office of Economic and Business Policy, has resigned. His last day is Friday.
Karatz, who Mayor Antonio Villaraigosa appointed to take over for former deputy mayor Austin Beutner in July 2011, had oversight of all housing-related city departments and played a key role in the city’s ongoing development reform efforts.
Villaraigosa’s special counsel Brian Curry will take over for Karatz on an interim basis, Karatz said.
“I stayed for a little over a year-and-a-half in this post and I have loved it but I have determined that it is time for me to return to business,” Karatz said. “The timing was right for me to transition and I leave the mayor and his administration in very good hands to close out the term with a number of initiatives that will get across the finish line with or without me.”
The former real estate professional who had worked for Caruso Affiliated and Avondale Investments said he has no specific plan for his future.
The departure comes with four months remaining in Villaraigosa’s final term.
As deputy mayor for economic affairs, Karatz was overseeing the implementation of a development reform plan adopted the same month he was appointed. The $600,000 initiative, known as the KH-Woolpert plan, has led to an array of changes in the development services system including a new case management office that helps complicated projects secure city approvals.