Opportunity Zones
A good article today from Brookings about Opportunity Zones. These are federally designated neighborhoods for which investors can derive large tax benefits by investing. The goal is capital appreciation rather than jobs or other more social indicators. The problem is that the program may lend itself to over gentrification and may actually drive poor people out of these neighborhoods. The jury is still out. In St. Louis, I don’t believe gentrification is much of a problem. Written by Paul Dribin
The St Louis Contrarian 