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Much of the Port Covington development project in Baltimore qualifies as an opportunity zone for lucrative tax breaks due to misaligned maps.
Under the Tax Cuts and Jobs Act of 2017, new rules were established that allow taxpayers to defer capital gain from the sale of assets to unrelated persons by investing in a Qualified Opportunity Zone
Originally rolled out in December 2017 as part of the Tax Cuts and Jobs Act, the Opportunity Zone Program was designed to incentivize long-term investment in underserved communities throughout the country.
Lying near a development project controlled by Under Armour's billionaire CEO Kevin Plank and Goldman Sachs, the little sliver of land will allow Plank and the other investors to claim what could amount to millions in tax breaks for Port Covington.
A group of developers investing millions in a Dubuque building could be the first to take advantage of Opportunity Zone funds.
Starting in early 2020, the partners will build North Wynkoop, a 10-story, 392-unit luxury community in Denver’s RiNo neighborhood.
CHARLESTON - U.S. Sen. Shelley Moore Capito, R-W.Va., and the mayors of Charleston, South Charleston and Huntington promoted the Advantage Valley regional pitch book, which showcases 13 Opportunity Zones and
The Brinker Lofts project turned a former ice house into 30 apartments in the heart of South Bethlehem.