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Markowitz Wants To Join Ratner In China
By
Jaya Saxena
Published Oct 2, 2010
Modified Oct 2, 2010
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By
Jaya Saxena
Published Oct 2, 2010
Modified Oct 2, 2010
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As long as the city Conflicts of Interest Board gives him the go-ahead, Brooklyn Borough President Marty Markowitz will be accompanying Bruce Ratner to China to lure Atlantic Yards investors with the EB-5 visa program, which supplies investors with Green Cards if they invest $500,000 to $1 million in American projects. The all-expenses-paid trip would be funded by the New York City Regional Center LLC, and if there are no conflicts of interest, it will be the latest in the BPs free trips, including jaunts to Turkey and the Netherlands. But look at the fancy new renderings of the buildings they'll fund!
Markowitz spokeswoman Laura Sinagra told the Daily News, "Part of his role is to encourage investment in Brooklyn, and this program is designed to bring investors to the table for projects that create jobs...he obviously believes this project is worthy of investment, and is seeking guidance from the Conflicts of Interest Board on the possibility of accompanying the group." However, many are questioning whether the project, and looking for investors overseas, will really help create jobs in the city.
Ratner executive MaryAnne Gilmartin says just 100 people have been put to work at the site so far, but Ratner has promised 1,600 jobs a year if the project is completed in 10 years. However, he also said completion in 10 years is pretty improbable. Atlantic Yards critic Daniel Goldstein doesn't believe the investments will even help create jobs.
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Atlantic Yards
Bruce Ratner
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Jaya Saxena
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