City officials eye EB-5 investors for Miami Marine Stadium, Underline and more

2016/09/16 9:45am

As the Congressional battle to overhaul the controversial EB-5 visa program rages on, the city of Miami hopes to use it to tap foreign investors for the Miami Marine Stadium restoration, as well as the construction of the Underline and a veterans living facility.

At an EB-5 conference in Miami City Hall on Thursday, Mikki Canton, Mayor Tomas Regalado’s international development managing director, told attendees that the marine stadium and the Underline linear park and trail project both received approval from the U.S. Citizenship and Immigration Services to seek foreign dollars to help finance completion of both projects.

Canton said she also expects immigration officials to give the green light for the new home of the Miami Veterans Village near the Jackson Memorial Hospital district.

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