China City of America

China City of America is a China-themed construction project originally planned for the town of Thompson, Sullivan County, in the Catskill Mountains region of the U.S. state of New York, promising to bring thousands of wealthy Chinese immigrants through the federal U.S. EB-5 immigrant investor program, which grants permanent residency to foreign investors in exchange for job-creating investments in the United States. Sherry Li of Oyster Bay, Long Island has no documented background of any development or executive experience, but is the chief executive officer[1] and founder of China City of America.[2]

The project has had a history of problems, including CEO Sherry Li failing to pay consultants and attorneys tens of thousands of dollars who she clearly owed money to in 2013. Although Li claimed she had no money to pay her bills, she found $50,000 to donate to New York Governor Andrew Cuomo's re-election campaign at the same time. The Town of Thompson supervisor also became frustrated with Li's constantly shifting plans and ultimately the Town of Thompson declined to OK the project.

"Each dynasty will have its building and will have rides go with it," Li said at a town council meeting in May where she pitched the original plan.

China City’s website features golden dragons, and projects an initial investment of $325 million — with $10 million going to a "Temple of Heaven," $24 million on a hotel and entertainment complex, and $20 million to construct a 'Forbidden City.'"[2]

See also

References

  1. ↑ "China City of America Becoming Reality in Catskills". China City of America. Retrieved November 2, 2015.
  2. 1 2 Geoof Earle. "Mysterious plans to build upstate NY ‘China City of America’". New York Post. Retrieved November 2, 2015.


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