Saul Ewing Arnstein & Lehr partner Ronald Fieldstone and McDermott Will & Emery partner Steven Hadjilogiou, both based in Miami. Courtesy photos
Criticism that opportunity zone tax breaks will benefit well-heeled developers and investors at the expense of low-income residents has been heard by the federal government.
The Trump administration has taken a preliminary step to address complaints that the zones are little more than a tax vehicle for gentrification. But whether the latest initiative actually would halt gentrification and truly help communities depends on whom you ask.
The Treasury Department issued a seven-page notice April 16 asking stakeholders to suggest how to measure the community impact from opportunity zone investments.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
