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October 11, 2010
Lots of winners (but not the public interest) in effort to raise $249M for Atlantic Yards via "green cards for investors"; FCR could save $100 million
Atlantic Yards Report
When you run the numbers, there seem to be a lot of winners in the effort to market green cards for investments totaling $249 million in the Atlantic Yards project.
Those benefiting include:
- immigrant investors and their families
- the operators of the New York City Regional Center (NYCRC)
- immigration attorneys
- developer Forest City Ratner (by far the largest beneficiary)
NoLandGrab: Bet you could've never guessed that Bruce Ratner would be the biggest winner in this government-sponsored scam, right?
Posted by eric at October 11, 2010 11:48 AM