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Manhattan builders face clash with legislators over visa scheme

Developers are taking advantage of a record amount of money that's flowing through the EB-5 programme, but lawmakers are pressing for changes when it comes up for renewal by Congress in September

At Hudson Yards, billed by developer Related as the largest private real estate project in US history, about US$600 million has been raised through EB-5.

New York

AS Related Cos' US$20 billion real estate complex rises on the far west side of Manhattan, legislators in Washington are debating the fate of a programme that has been critical to building it.

The caissons underpinning the 11-hectare Hudson Yards project, and steel beams...

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