Lawmakers look to redefine distressed areas and prevent stadiums from getting tax breaks (credit: Thomas Serer).
SAN FRANCISCO—Enacted in the 2017 tax overhaul, opportunity zones give capital gains and other tax breaks to investors who put their money to work in communities designated as economically distressed. The idea was to provide incentives for new housing, businesses and jobs.
But recently, opportunity zones have gotten a bad rap, says Dru Armstrong, CEO of Grace Hill, in this exclusive. Critics say opportunity zones have become a windfall for the rich rather than a boon for the poor.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
