EB-5 Funds Subject to Forfeiture The EB-5 Immigrant Investor Program was created in 1990 to stimulate the economy via job creation and capital investment by foreign investors. The 2009 Lakewood Sportsplex proposal included EB-5 funding. Press release from the Department … Continue reading
Category Archives: EB-5
This press release from the U.S. Attorney’s Office might be of interest because the Village of Lakewood is part of the Woodstock EB-5 district. A Tax Increment Financing District was also used to promote the fake project. Lakewood has a … Continue reading
When I read Lakewood Village President’s State of the Village speech I found a reference to using the current Village Hall site for a restaurant. So I filed a Freedom of Information request for documents relating to the topic. I … Continue reading
The Chicago Tribune dipped into what some call the “Buy a Visa” program on its front page Sunday. At one time, the McHenry County SportsPlex was the featured project. There was no mention of the Lakewood, Illinois, property on which … Continue reading
Concerned Citizens Against Irresponsible Government Spending, the folks who are opposing the McHenry County SprotsPlex in Lakewood report that WGN-TV is going to run a story on it tonight at 9 PM. Lakewood Village President Erin Smith was interviewed for … Continue reading
This morning I played photographer’s assistant on Pleasant Valley Road. I held up the remote controlled flash. Antonio Olivo is doing a story on things immigration, including the financing of the Lakewood SportsPlex complex with EB-5 “buy a visa” program … Continue reading
Finance Committee Chairman Marc Munaretto began the debate over whether to provide the developers of the McHenry County SportsPlex three more months to round up people to loan them money. Mary McCann took up the cause of those living off … Continue reading
The McHenry County Board vote was 15-8 to extend the date to December 31st for the McHenry County SportsPlex, which will be straddle Pleasant Valley Road on land that is to be annexed to Lakewood once the developers buy it. … Continue reading
The Lakewood village board unanimously approved economic incentive and annexation ordinances that allow the $40 million, 165 acre McHenry County SportsPlex to proceed. The result is three happy guys, Lou Tenor, EnRico Heirman and Jack Porter, plus a plethora of … Continue reading
You will remember that details about the McHenry County SportsPlex have been dribbling out a little bit at a time. Some residents have been upset enough to distribute a broadside, which I publishes here. (We found it after coming back … Continue reading
Pete Gonigam’s First Electric Newspaper reported it first, but he didn’t have the map you see below. What you see in orange is the new area within McHenry County designated by the Illinois Department of Commerce and Economic Development as … Continue reading
The December 1, 2009, letter you see below was given to McHenry County officials on January 29, 2010, according to the date stamped on it. The Chicagoland Foreign Investment Group, known for short as the EB-5 company, pledges to provide … Continue reading