Ryan Boyer, business manager of the Philadelphia Building Trades Council and leader of the Laborers’ District Council at City Hall Feb. 5, 2024. He headed the transition team for then mayor-elect Cherelle L. Parker and was one of her earliest supporters.
“FS Investments has no involvement with the arena, financial or otherwise,” Melanie Hammert, head of corporate communications at FS, said in an email. ”Ryan Boyer is poised to get rich off this arena deal,” the post said. “This was never about an arena or the people of Philadelphia — it’s always been about land, money, and billionaires.”Joel Trigiani, an attorney for Laborers District Council, said that Boyer’s position on the FS board post did not violate any federal labor rules.
Since that year, he has provided oversight to the FS credit REIT fund, overseeing the fund’s business affairs, investment activities, and corporate governance activities, Hammert said. Board members for the fund range from Temple University board president John Fry to Comcast executive Karen Dougherty Buchholz. (Comcast Spectator CEO Daniel J. Hilferty also sits on the board of a seperate FS fund.