Right now, New York real estate developers are hoping a former (and likely future) New York City real estate developer, President Donald Trump, will back off from pushing a regulation that will harm job growth and infrastructure investment in New York City.
The Trump administration is very close to rolling out a new regulation that will hammer big city real estate projects. The Obama administration left behind a regulatory reform to something called the EB-5 investor visa program that will end up sabotaging foreign investment in U.S. big city infrastructure projects. This idea will not make America great again.
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