# Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland's joint research on the EB-5 Immigrant Investor Program is referenced

1 Faculty News December 3, 2016 ![Guardian logo ](/sites/default/files/styles/246w/public/assets/images/con_030939.jpg?itok=g7FgVwid)>

Excerpt from [The Guardian](https://www.theguardian.com/us-news/2016/dec/03/trump-bay-street-new-jersey-relied-on-immigrant-visa-funds) -- "A New York University study found that EB-5 investment was largely financing luxury developments, including a Chinese-style casino in Las Vegas, a Waldorf Astoria hotel in Beverly Hills and the redevelopment of the Hudson rail yards in Manhattan."

[Read more](https://www.theguardian.com/us-news/2016/dec/03/trump-bay-street-new-jersey-relied-on-immigrant-visa-funds)