[IslandJeff]

WA ping.

"No one lives in Sodo, so there is no unemployment there," he said.

The only people who "live" in SoDo are homeless folks who hang out on Alaskan Way and folks who might have a PO Box there. There is simply no place to live.

[gubamyster]

ping

[wideminded]

Sodo landlord Henry Liebman, that area's largest single landowner, says he couldn't have amassed as much property and wealth without money from foreigners. Those investors use a little-known government program to gain citizenship in exchange for their money, with which Liebman is buying up industrial real estate.

The EB-5 visa program, launched in 1990, grants foreigners conditional citizenship upon their investment of either $500,000 or $1 million in an American business venture.

So Liebman takes their money and buys land, and the foreigners somehow get green cards for making an "investment". But if it is an investment, why does Liebman end up with the land and not the "investors"?