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...in a Sports Stadium
It’s been called dark, disturbing and anti-American. Yet it’s beloved by real estate developers and commands near-unanimous support from Congress. And it may soon be financing a shiny new sports stadium near you.
Sports owners, developers and regional politicians are increasingly keen to use so-called EB-5 financing to fund a portion of stadium and arena construction projects across the U.S. And the lawyers and financiers who work with EB-5 investors say the rapid growth of the program — and a crescendoing public outcry against financing stadium construction with new taxes — makes its near-term entrance into the sports world inevitable.
http://www.ozy.com/fast-forward/weal...tm_campaign=pp
EB-5 Visa: Immigrant Investor Program
USCIS administers the Immigrant Investor Program, also known as “EB-5,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a pilot immigration program first enacted in 1992 and regularly reauthorized since, certain EB-5 visas also are set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.
All EB-5 investors must invest in a new commercial enterprise, which is a commercial enterprise:
•Established after Nov. 29, 1990, or
•Established on or before Nov. 29, 1990, that is:
1. Purchased and the existing business is restructured or reorganized in such a way that a new commercial enterprise results, or
2. Expanded through the investment so that a 40-percent increase in the net worth or number of employees occurs
http://www.uscis.gov/working-united-...grant-investor
It’s been called dark, disturbing and anti-American. Yet it’s beloved by real estate developers and commands near-unanimous support from Congress. And it may soon be financing a shiny new sports stadium near you.
Sports owners, developers and regional politicians are increasingly keen to use so-called EB-5 financing to fund a portion of stadium and arena construction projects across the U.S. And the lawyers and financiers who work with EB-5 investors say the rapid growth of the program — and a crescendoing public outcry against financing stadium construction with new taxes — makes its near-term entrance into the sports world inevitable.
http://www.ozy.com/fast-forward/weal...tm_campaign=pp
EB-5 Visa: Immigrant Investor Program
USCIS administers the Immigrant Investor Program, also known as “EB-5,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. Under a pilot immigration program first enacted in 1992 and regularly reauthorized since, certain EB-5 visas also are set aside for investors in Regional Centers designated by USCIS based on proposals for promoting economic growth.
All EB-5 investors must invest in a new commercial enterprise, which is a commercial enterprise:
•Established after Nov. 29, 1990, or
•Established on or before Nov. 29, 1990, that is:
1. Purchased and the existing business is restructured or reorganized in such a way that a new commercial enterprise results, or
2. Expanded through the investment so that a 40-percent increase in the net worth or number of employees occurs
http://www.uscis.gov/working-united-...grant-investor
Paul Marin -19 is one thing, 20 is a whole other matter. It gets even worse if they win the UCL. *groan*. 
05/18/2011.MU fans naah cough, but all a unuh a vomit?-Lazie 1/11/2015
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