CanAm Enterprises is disappointed that the corporate entity behind the New York Wheel project has informed it that they have decided to suspend all development. The company, which made a $206 million loan to the developers of the New York Wheel through the EB-5 Immigrant Investor Program, believes that the costs incurred to date support enough EB-5 Program-qualifying jobs to meet the USCIS job creation requirements for the unconditional permanent residency for all of our 412 investors in the project.
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