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Complaints about the EB-5 visa program are legitimate, but the construction of Hudson Yards is impressive and undeniable

Viji Durga  April 21, 2019   comments   Projects

EB-5 Visa, EB5 Visa, EB5 Investments

A spectacular success. 

It is true that the EB-5 visa program — by which foreign investors essentially buy green cards for themselves and their families by pouring $500,000 or $1 million into the U.S. economy — needs fixing.

It is true that the map New York used to get the swath of the city that would become Hudson Yards to qualify for the program is comically gerrymandered, bending over backward to link the far West Side of midtown Manhattan to public housing developments in Harlem in order to theoretically lure capital to an economically distressed area.

Source:  https://www.nydailynews.com/opinion/ny-edit-hudson-20190421-rrllu6zwdjhrrjiyrgauc4hiqm-story.html

Read more by clicking below image 

 

EB-5 Visa, EB5 Visa, EB-5 Investment

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