For clients of Worldway who are processing U.S. investment immigration and have chosen the Third Street redevelopment project in Las Vegas, there is more good news from the United States: the hotel and casino portion of the Third Street project in Las Vegas has been completed and opened. At the DOWNTOWN GRAND opening ceremony held on November 12, Las Vegas Mayor Carolyn Goodman attended as a guest and delivered a speech, expressing the Las Vegas city government's strong support for the project from start to finish, as well as optimism about its prospects.
DOWNTOWN GRAND Opening Ceremony
The Third Street redevelopment project in Las Vegas includes the transformation of the entire block, including casinos, bar streets, retail areas, etc. Upon completion, it will create 3,267 jobs and ensure the removal of conditions for investor green cards. The hotel and casino portions of the project are now officially operational and are currently creating jobs every day.
Another advantage of this project is the developer, CIM Group, which ranks 27th in global private real estate. They possess unparalleled experience and vision in developing potential metropolitan areas and benefiting local communities. CIM Group has assets exceeding $11.6 billion and has over forty collaborative investment institutions, including some of the largest pension funds in the world.
Even without using EB-5 funds, the project can be self-financed and completed; however, utilizing EB-5 funds can significantly increase the project's return on investment and garner more political support, such as government support funding of $40 million, primarily due to the tax revenue generated after the project is completed and operational. Therefore, this project is very secure in terms of completion and operation, which in turn ensures the safety of investors' funds and the achievement of green card goals. Now that the hotel and casino portions have been completed and opened, it will further enhance investors' confidence.
