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/