A 'China City of America' under consideration for New York
The controversial project has been called both a "Chinese Disneyland" and a "stalking horse" for the Beijing government
New York City’s Chinatown may soon have a larger cousin – a massive, 600 acre “China City of America” cousin, that is.
Currently in proposed development, China City is the brainchild of investors led by Sherry Li, a businesswoman from Long Island who has described the project as a “Chinese Disneyland concept”.
Estimated at costing at least six billion US dollars (HK$ 8 billion), the project is targeting foreign investors, particularly those from China.
Li and her team plan to attract potential backers by utilising the EB-5 for Immigrant Investors federal visa programme, which grants wealthy foreign investors the chance to receive a US Green Card if they invest half a million dollars into a business venture in a rural or underdeveloped area.
The project is currently only under consideration and will need to secure federal approval and pass through various permits before any construction can commence.
Nevertheless, news of China City has spread through American media within the last week, with some outlets calling the project a “Chinatown on stereoids”. Reaction has been mixed, with many questioning the logic behind designing a China-themed area in New York. Others have cited ecological and immigration concerns.
North’s reference to a charge from within the Chinese community comes from members of the American branches of the Falun Gong, who have “raised objection…about the proposed project as a vehicle for expanding the influence of the Beijing government within the United States.”
“It has [been] suggested that at least some of the money funnelled through EB-5 investments in all likelihood would be from the Chinese government,” North wrote, citing sources close to the Falun Gong’s American community.
“If China City works, it could place Sullivan County back on the map in a way like we have never seen before,” Liklick wrote. “This entirely new market could become a real economic generator for us.”