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Golden Gate Global (GGG), an award-winning EB-5 regional center, is pleased to announce that the United States Citizenship and Immigration Services (USCIS) has approved multiple I-829 petitions in the Sacramento Kings Arena and Downtown Commons EB-5 Project. This pivotal step culminates with the issuance of unconditional (or permanent) green cards to these investors. GGG has also started making investment capital repayments, marking the final step in their EB-5 and immigration journey.
Approved I-829 petitions allow EB-5 investors to become unconditional lawful permanent residents of the United States. The approvals affirm the project's success in maintaining the necessary investment over time and fulfilling the American job creation mandate. These investors and qualifying beneficiaries can now live and work in the United States permanently with the option of becoming U.S. citizens, provided certain requirements are met. We extend our congratulations and heartfelt thanks to our Sacramento Kings and Downtown Commons EB-5 Project investors who have successfully completed their EB-5 process and placed their trust in GGG. Learn more about the EB-5 visa process and timelines.
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The Sacramento Kings Arena (also known as Golden 1 Center) and its surrounding mixed-use development, dubbed the Downtown Commons (DOCO) represent a crowning achievement in urban development. Developed by the Sacramento Kings, the National Basketball Association's (NBA), in partnership with JMA Ventures, this project was unveiled in 2019. Today, it is an iconic destination for world-class basketball and entertainment, luxury retail, tech-forward office space, as well as luxury hospitality and residential offerings.
Golden Gate Global (GGG) enthusiastically welcomed the news and the positive impact the approvals will have on its investors’ lives. “We constantly strive to achieve the best outcome for all of our investors,” stated Steven Kay, Founder and Co-CEO of GGG. “We are thrilled that permanent residency is now a reality for these families as a result of their commitment to the EB-5 Program, the creation of American jobs, and the pursuit of the American Dream.”
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