A ground-breaking at Mirador, a condo and apartment tower to be built in Bellevue, partly on EB-5 money.
Seattle has become the latest landing place for a wave of Chinese investments – much of it coming through a controversial investor visa program called EB-5.
EB-5 is bringing construction money and jobs to the Seattle economy. But it may also have brought spies, fraudsters and absconders to our region. Now the fate of the program is just as murky, as it could expire at the end of the month.
The EB-5 program offers permanent residency in exchange for investment. To get a green card under the EB-5 program, a foreigner must invest at least half a million dollars and create at least 10 jobs.
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