Chinese Investors Fund NYC Ferris Wheel for Green Card

Chinese Investors Fund NYC Ferris Wheel for Green Card
Jul 17, 2015 By eChinacities.com

New York is building one of the world's largest Ferris wheels with the help of Chinese investors hoping for a green card, CNN reported yesterday.

The Ferris wheel (which is technically an observation wheel), will be constructed on the Staten Island ferry terminal within two years along with an outlet mall, hotel, and restaurant. The firm behind the project, New York Wheel, are hoping to cash in on the 200 million annual visitors who take the ferry to the Statue of Liberty.

The project will cost more than 500 million Dollars. To help finance construction, New York Wheel is looking to foreign investors. In recent years, the U.S.'s Immigrant Investor Visa Program has grown in popularity. In 2014, more than 10,000 investors were issued a visa.

The Ferris wheel has attracted 300 Chinese investors who have raised 170 Million Dollars, funding a good part of the project. The wheel will create 400 permanent jobs and 5,000 construction-related jobs in the U.S.

The Chinese investors will receive temporary visas for themselves and their families within a year. After two years, if the project is successful and all of the jobs are created, the investors will receive a permanent green card and will earn 2.75% interest on their investment.

Source: inews.qq.com

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Keywords: Chinese investor visa Chinese investors NYC Staten Island Ferris wheel

4 Comments

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RachelDiD

Good grief...are Americans seriously letting a bunch of tuhao nongs have permanent status in our country for a ferris wheel? It's not enough that they will earn their precious money back on it, and more--some idiot clearly thought this deal would be lopsided without some fuerdai brat re-enacting Fast and Furious on our streets. We seriously deserve to see our country go to the dogs, then.

Jul 20, 2015 16:06 Report Abuse

Chairman_Cow

Money talks and pin dicks walk....

Jul 18, 2015 00:31 Report Abuse

Guest2781358

There's a way around any and everything with money it seems

Jul 18, 2015 00:15 Report Abuse

SaifMalik

Equality for all in the land of freedom. Translated into English - Equality for all those with a bit of money in the land of freedom... for those with money...

Jul 17, 2015 15:28 Report Abuse