 As of 2011 the new developers had yet to close on the property, citing financing difficulties, and had received the seventh extension on the land from the city, which expired on March 2011.The developers were banking on the city's recently granted EB-5 visa qualification to encourage foreign investment in exchange for permanent resident status.As of February 1, 2011, this deal was also dead, as the developer had failed to make a required escrow deposit by the end of January.