I’ve been considering the benefits and fairness of “Opportunity Zones” — new legislation that grants real estate investors in low-income areas tax exemptions in order to attract development and jobs. A
New York Times
calls out a host of flaws, including that many of the designated areas aren’t low-income at all. Impact Alpha had a more positive
on them. Opportunity zones are a big tax break, so understanding what good they do—if any—is an essential question.