This article fails to offer serious scrutiny of the EB-5 program and its application in Vermont.
There's no mention of the well-publicized controversy--in Vermont, and in EB-5 circles--in which Stenger's former visa broker publicly cut ties:
Nor is there mention of Stenger's savings: the value of a low-interest loan via EB-5 versus how much such financing would cost on the market. That should be factored into the public policy equation: the savings to the developer/entrepreneur vs. the perceived public benefit from new jobs/tax revenues.
As for whether the visa program allows rich foreigners to jump the line, Stenger's a rather self-serving authority. Of course, they're buying their way into the country.
Analysts like Michael Sandel think that's bad enough. Given that countries like Canada and Australia have somewhat similar programs, it's understandable why the U.S. competes.
One key difference: programs in Canada and Australia have the would-be immigrants buy plain vanilla government bonds, thus avoiding the Rube Goldberg-like EB-5 program, which generates big sums to the middlemen--lawyers, overseas brokers--and big savings to the entrepreneur.
Follow the money.
While that's part of the lawsuit, more prominent are claims of racial discrimination and retaliation, with black employees claiming repeated abuse by white supervisors, preferential treatment toward Hispanic colleagues, and retaliation in response to complaints.
Two individual supervisors, for example, are charged with referring to black employees as “black motherfucker,” “dumb black bitch,” “black monkey,” “piece of shit” and “nigger.”
Two have referred to an employee blind in one eye as “cyclops,” and “the one-eyed guy,” and an employee with a nose disorder as “the nose guy.”
There's been no official response yet though arena spokesman Barry Baum told the Daily News they, but take “allegations of this kind very seriously” and have "a zero tolerance policy for…