Steve Bullock wrote a letter that was used to solicit Chinese investment in a club for the megawealthy through the controversial EB-5 visa program.
The letter from Bullock, Montana’s Democratic governor since 2013, is part of a Chinese document obtained by the Washington Examiner pitching an investment opportunity in the Yellowstone Club, a private ski resort for the megawealthy outside of Yellowstone National Park in southwestern Montana.
Membership at the elite club reportedly requires owning property on the resort grounds (ranging from condos to ranches and custom homes anywhere from $3 million to more than $20 million) and an annual membership fee of around $36,000. High-profile members include Bill and Melinda Gates, former Google CEO Eric Schmidt, and Justin Timberlake.
CrossHarbor Capital Partners took ownership of the Yellowstone Club in 2009 and has since utilized EB-5 investment visas to expand the property.