GlobeSt.com is providing wall-to-wall coverage of ICSC's RECon show in Las Vegas. Subscribe to the Retail Ticket for pre-event articles, live video interviews on site and post-conference analysis.
More than $100 billion could be invested in 8,700 zones across the US thanks to the new tax law—a potential powerful tool for economic investment, said moderator Phillips Hinch, VP of tax policy of ICSC, based in Washington, DC.
But while it might incentivize the next project, investment or community, it isn't without its own set of challenges, say panelists at ICSC RECon's opportunity zones panel.
➤➤ Join the GlobeSt.com ADAPT: Opportunity Zones conference September 16-17 in Baltimore, MD The new national conference series is aimed at identifying Opportunity Zones across all property types and geographic regions. This first-of-its-kind event will educate, connect and celebrate the investors, developers and owners with the people behind the planning and decision-making, such as architects, consultants, academics and, most importantly, municipal officials. Also, be sure to take a look at our current adaptive reuse and opportunity zone nomination form and submit your project! Deadline is fast approaching June 7th. Click here to register and view the agenda.
Panelist Scott Maxfield, VP of Goldman Sachs, based in New York City, said that the company has been investing in opportunity zones for a while now. “To date the company has a significant pipeline of investments that it expects to close in the next one to two years.”
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