Stephen M. Ross, the real-estate tycoon behind the $25 billion Hudson Yards development project on Manhattan’s West Side, has stepped down from the Shed’s board of directors, the Shed confirmed to Hyperallergic in an email today.
A spokesperson with the Shed told Hyperallergic that Ross has stepped down from the Shed’s board of directors “to focus on his other philanthropic activities.”
“We are grateful for his service and his important role in helping found The Shed,” the spokesperson added.
Sources told Hyperallergic that Ross quietly resigned from the board of directors several weeks ago but the Shed declined to provide Hyperallergic with the specific date of Ross’s departure.
Ross came under fire in August after it was revealed that he planned to host a fundraiser for President Donald Trump at his Southampton residence. Social media went ablaze with calls to boycott his associated businesses, including Equinox Fitness, SoulCycle, and Blink Fitness. And in September, several leading fashion brands canceled their participation in events for the New York Fashion Week that were hosted at the Shed. Boycotters included elite fashion houses like Michael Kors, Vera Wang, Rag & Bone, and the Academy of Art University in San Francisco
Ross’s representatives have not yet responded to Hyperallergic’s request for comment.