Emilie Cooper, partner at Haynes and Boone
NEW YORK CITY—The EB-5 program was given an extension to Dec. 7 from its original expiration date of Sept. 20, 2018. But that alone is not going to solve some of its thornier issues—especially with Chinese investors.
The cancellation of the 630-foot Staten Island Ferris wheel that was going to be even larger than the 443-foot London Eye, the largest Ferris wheel in Europe, was a black eye for the borough. But it also provided another look at a major source of its funding—EB-5 investments.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
