The Ypsilanti City Council is voting on Tuesday on plans for an estimated $300 million "international neighborhood" proposed by a Troy-based Chinese-American developer.
The project, called International Village, will be a "regional focal point for Eastern culture, Eastern cuisine, Eastern customs, and Eastern living," according to the project's builders. Its inhabitants will consist of international students, many of who are expected to be Chinese.
Officials say funding for the project will come from the sale of EB-5 visas and other sources, and will require no investment from the city of Ypsilanti. Though it's not immediately clear how much in annual tax revenue the development could eventually generate, it's agreed that it'll provide a significant new source of tax revenue.
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