Winning the Opportunity Zone 2.0 Sweepstakes the Rural vs. Urban Divide
News Source : Commercial Observer
News Summary
- Lamont Blackstone: We can expect to see the politics of economic development in action.
- He says governors will be determining which low-income communities will be approved for new OZ designations.
- Blackstone says municipalities should prioritize some preparatory actions to make their targeted areas “investable” He says municipalities, developers and investors will have to be proactive if OZ 2.0 is to achieve desired objectives for their targeted communities.
- OZ 1.0 was an experiment.
- Now that the experiment has proved viable, we may see increasing use of the OZ prospectus as an invitation to family offices and other long-term investors, he says.
Across the nation, we can expect a scramble among mayors and county executives. They are tasked with responding to the capitalraising opportunities inherent in the revised federal Opportunity Zone ( [+5323 chars]
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