The City of Escondido hasn’t quite given up on building a new $50 million ballpark for the Triple-A Tucson Padres (Pacfic Coast League), as the city is now looking at the federal EB-5 program to raise funds. Under the program, foreigners can be given permanent resident status if they invest at least $1 million in this country. Read more here.
Tag Archives: EB-5
Now that the California Supreme Court has essentially ruled to kill off local redevelopment agencies, the city of Oakland is eyeballing the EB-5 visa program to fund a new ballpark for the Oakland A’s. This pay-to-play visa program allows a potential immigrant to get a green card for himself and his immediate family by investing at least $1 million in a project that produces at least 10 full-time jobs. If the Continue reading