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Omaha Steve

(99,582 posts)
Fri Apr 3, 2015, 09:09 AM Apr 2015

Union alleges Des Moines politician broke ethics law

Source: KING

John Langeler

DES MOINES, Wash. -- Along Pacific Highway South in Des Moines, a large hotel is slowly taking shape. Formerly dubbed the Artemis Hotel, it will eventually become a Four Points Sheraton, featuring 225 rooms, an award-winning restaurant and a large banquet hall. The project is led by Yareton Investments, a subsidiary of a Shanghai-based real estate company.

The $45 million project is funded largely through a federal EB-5 program, an effort to encourage foreign investment by offering green cards in exchange for $500,000 or more in capital. As outlined by KING 5's media partner the Seattle Times, EB-5 projects have become very popular recently.

They have also been the target of Unite Here Local 8, a union which last week filed a complaint with Washington's Public Disclosure Commission over a trip to Miami paid for by Yareton's project manager just weeks before the EB-5 application was approved.

EB-5 applications are handled by U.S. Citizenship and Immigration Services and must meet a series of criteria in order to move forward.

FULL story at link.



Union alleges Des Moines politician broke ethics law
(Photo: KING)

Read more: http://www.king5.com/story/news/local/2015/04/03/des-moines-ethics-law-hotel-development/70873070/

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Union alleges Des Moines politician broke ethics law (Original Post) Omaha Steve Apr 2015 OP
EB5 - it's raising a stink up here in Vermont erronis Apr 2015 #1
something missing in that article - UpInArms Apr 2015 #2

erronis

(15,241 posts)
1. EB5 - it's raising a stink up here in Vermont
Fri Apr 3, 2015, 10:41 AM
Apr 2015

We have some major (for us) developments in the northern part of the state. It may be that the company that is collecting EB5 payments is not totally transparent on where that money is going.

Also, how can this yet-to-be-built hotel have an "award-winning" restaurant? Are they tasting virtual Chicken Cordon Blue?

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