And it's no small thing that the person accepting an award in New York City was the parent company's Shanghai-based chairman, not the New York-based head of the subsidiary.
|Photo of Zhang Yuliang, from press release|
New York, Jan. 17, ZHANG Yuliang, Chairman and President of Greenland Holding Group, on behalf of Greenland Group, accepted the Outstanding Community Contribution award at the CGCC Chinese Lunar New Year of the Dog Gala presented by Patrick FOYE, president of MTA, and delivered his acceptance speech.(Emphases added)
Greenland Group received the Outstanding Community Contribution award recognizing Greenland’s efforts to bring growth and innovation to the local communities it operates in.
Greenland Group’s contributions to U.S. communities span across the east and west coast as the company has been committed to developing community-oriented properties in New York, San Francisco and Los Angeles. Greenland’s projects are designed to fit the needs and foster prosperity of each of those communities.
For the Pacific Park Project in Brooklyn, New York, Greenland Group together with partners will invest more than $6 billion in next decade on a 22-acre, 15-building mixed-use development surrounding an 8-acre public park. From real estate to retailing business, education and entertainment, this project is making major strides to move the community economy forward.
ZHANG Yuliang, who returned to New York after three years, said, “Greenland’s large-scale investments transform and revitalize cities, spurring new businesses, increasing jobs at all wage levels, creating new homes, and ultimately supporting families and communities at-large. We are committed to making a positive impact in the communities we operate in.”
XU Chen, Chairman of CGCC, President and CEO of Bank of China USA, noted, “We are thrilled to present Greenland with this award in recognition of its significant contributions to communities in the U.S. Through its developments, Greenland has created jobs and has brought new residents to urban areas through sustainable investment in the communities of the future.”
So the cost of completion exceeds $6 billion? I wouldn't rule that out, but I sure haven't heard that. As to whether the "project is making major strides to move the community economy forward," well, stay tuned.
The CGCC, in its own press release, stated:
Greenland Group was honored “Outstanding Community Contribution” Award, presented by Patrick Foye, for their exemplified efforts in fostering economic growth and development in local communities. Chairman and President of Greenland Holding Group Zhang Yuliang received this award. Zhang Yuliang noted, “Since its entry to the US in 2013, Greenland Group has committed over 3.5 billion dollars to our projects in the US. From affordable housing to schools and hospitals, from green buildings to vibrant communities, from major infrastructure improvements such as a new rail yard for the LIRR, to public art programs, Greenland partners with local organizations to support a variety of initiatives that create positive changes and opportunities for urban communities in New York and Los Angeles.”Yes, Greenland was among the many sponsors of the event.