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.
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 will own 95% of future construction.