This watchdog blog, by journalist Norman Oder, offers analysis, commentary, and reportage about the $4.9B project to build the Barclays Center arena and 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland Group bought a 70% stake going forward. As of 2018, after the arena and four towers were built, Greenland owns 95% of future construction.
Subscribe to this blog
Follow by Email
Search This Blog
The explosive growth of the EB-5 regional center program: from 23 to 125 in less than three years
Don't think that only Forest City Ratner has figured that the federal government's EB-5 program is a good way to raise low-cost capital.
So have many, many others. Consider the explosion in the number of regional centers, federally authorized investment pools that market green cards in exchange for purportedly job-creating investments. (Click on graphics to enlarge.)