Vermont State Regional Center drops Dreamlife EB-5 project

Vermont Secretary of Commerce Lawrence Miller has cancelled an ambitious Dreamlife EB-5 project that proposed to build 10 assisted living homes in Vermont using about $160 million from foreign investors. On March 27, 2013, Secretary Miller sent a letter canceling a memorandum of understanding executed Nov. 2, 2012 between the Vermont Agency of Commerce and Community Development and EB-5 American Dream Fund I, LLC — the fund that would finance the assisted living homes. See complete report at http://www.burlingtonfreepress.com/