At the Connect Opportunity Zone conference last
week, investors described some of the exciting projects that this new
economic stimulus program has set in motion.
...moreSkeptics of the Opportunity Zone program claim few deals are being done in the 8,700 designated census tracts beyond the “low-hanging-fruit” that was already in investors’ pipelines. The benefits that allow investors to reduce or potentially eliminate their capital gains tax liabilities, they say, are not really going to investors engaged in the deliberate community renewal that is supposed to be the program’s mission. But at the Connect Opportunity Zone conference in New York City last week, it was clear that community-minded investment is underway in these districts.
RSK: Yes the process has been slow mainly because the learning curve and municipal approval process takes time. However, the jury is still out if there will be substantial development in the Zones.
Share this article on you social outlets
Our Sponsors
- - Volume: 7 - WEEK: 45 Date: 11/5/2019 9:23:51 AM -