Developers of an outlet mall just two hours south of San Antonio found a handy source of cash — wealthy investors from China.
The Outlets at Corpus Christi Bay in Robstown opened its doors last month and so far, developers report that the project has attracted $10 million in cash from Chinese investors.
Built by Vermont-based EB Development LLC, Iowa-based retail construction giant Lockard and San Antonio-based Carduner Commercial LLC, the City of Robstown also pitched in by creating a $38 million tax increment reinvestment zone for the outlet mall and the surrounding area.
More important to foreign investors, city officials created the Robstown EB-5 Regional Center LLCin August 2010 and got the outlet mall listed as an EB-5 investor visa project.
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