Join the Cleveland Scene Press Club. Because No News is Bad News.

Friday, June 25, 2010

Foreigners and the Future of the Flats

Posted By on Fri, Jun 25, 2010 at 12:59 PM

One drawing of the planned growth in the Flats. Imagine that...
  • One drawing of the planned growth in the Flats. Imagine that...
The Flats East Bank project, a scheme devised to spruce up the much maligned downtown area, has been given a $20 million kick in the pants from forty international investors.

It's all part of a grand vision (and a $275 million plan) to build a hotel, office tower and retail space in the Flats. But some concern is being raised because foreign investors and their families can flip an investment visa into citizenship with far greater ease then conventional immigration methods.

The program is aimed to bring foreign investors into flailing American communties, and Eddy Zai, an international business consultant from Pepper Pike, is pitching the foreign investment program to potential financiers like it's the cure for cancer. But investors are taking interest, and maybe, at the very least, Zai has found a cure for crappy parts of town.

We welcome readers to submit letters regarding articles and content in Cleveland Scene. Letters should be a minimum of 150 words, refer to content that has appeared on Cleveland Scene, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at news@clevescene.com.

Cleveland Scene works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of Cleveland and beyond.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep Cleveland's true free press free.

Read the Digital Print Issue

September 9, 2020

View more issues

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Calendar

© 2020 Cleveland Scene: 737 Bolivar Rd., Suite 4100, Cleveland, OH 44115, (216) 241-7550
Logos and trademarks on this site are property of their respective owners.


Website powered by Foundation