US EditionChinese investors say Reed Hastings owes $76M for Powder Mountain deal - TownLift, Park City News
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Chinese investors say Reed Hastings owes $76M for Powder Mountain deal - TownLift, Park City News
EDEN, Utah – A group of Chinese investors who funded Utah’s Powder Mountain resort through a federal green card program is suing Netflix cofounder Reed Hastings, claiming they are owed nearly $76 million. A report published by the Salt Lake Tribune on July, 22 said the money stems from a loan of up to $120 million made in 2016 to the resort’s previous owners, Summit Mountain Holdings, through the EB-5 Immigrant Investor Program, which grants U.S…
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