Immovable Properties
1BBP, Brooklyn, NY
2020

The fifth preference EB-5 visa provides a path to citizenship for alien investors who make an investment of capital not less than the statutory minimum in a new commercial enterprise “which will benefit the United States economy” and “create permanent, full-time employment” for at least 10 qualifying U.S. workers in the United States. The EB-5 program allows the state to extract monopoly rent on its exclusive territorial sovereignty and its prerogative power of immigration enforcement; the evaporation of traditional real estate financing since the 2008 financial crisis has made major development projects reliant on the program to maintain favorable profit margins.

An exhibition is staged in a donated real estate venue constructed under the EB-5 program. The venue is left open to the public for the exhibition duration.