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A space for sharing and discussing news related to global current events, technology, and society.
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© 2020 Relevant Protocols Inc.
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Hudson yards was funded, in part, by bill eb5, a provision that offers foreign investors green cards in exchange for low interest loans. Once a strict (and still limited) law that allowed loans as low as 500,000 in exchange for job creation in “distressed” urban zones, these exceptions have been stretched by both a virtual gerrymandering of economic zones as well as a expanded definition of job creation to include temporary construction roles. These provisions, meant to bolster low income zones, have been effectively wasted on numerous occasions, the most absurd being Staten Islands abandoned mega Ferris wheel (https://newrepublic.com/article/153348/rise-fall-new-york-wheel)
Hudson yards was funded, in part, by bill eb5, a provision that offers foreign investors green cards in exchange for low interest loans. Once a strict (and still limited) law that allowed loans as low as 500,000 in exchange for job creation in “distressed” urban zones, these exceptions have been stretched by both a virtual gerrymandering of economic zones as well as a expanded definition of job creation to include temporary construction roles. These provisions, meant to bolster low income zones, have been effectively wasted on numerous occasions, the most absurd being Staten Islands abandoned mega Ferris wheel (https://newrepublic.com/article/153348/rise-fall-new-york-wheel)
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