A sold-out crowd joined ULI New York’s Young Leaders Group at their Creative Financing through EB-5 program on July 9, 2013 at Akerman Senterfitt. While moderated by Andy Feinberg of Ackman-Ziff, panelists Mary King of the New York Regional Center, Steven Polivy of Akerman Senterfitt, Christopher Tepper of the Brooklyn Navy Yard Development Corporation and Paul Travis of Washington Square Partners discussed their various collaborative projects, including the Brooklyn Navy Yard and City Point. King explained that neither project would have been attainable without the contribution from the EB-5 program. According to Travis, “EB-5 is the only public funding left in America.”
Beyond examining current and prospective results of EB-5 financing, panelists explain the history of the program and addressed domestic and international economic related to its installation. The EB-5 Immigrant Investor visa program has offered qualified developments alternative financing and has lead to job creative and innovative projects both nationally and locally.
Check out other items from ULINews | Summer 2013.