Market Insights: Opportunity Zones

by Brock Boatman

The Opportunity Zone program has not seemed to set the world on fire like some predicted. Yet. Most developers and investors appear to have the same sentiment – the tax break is nice, but really, it is just gravy; a deal still has to work on its own. But even with the release of a second round of guidance as to how the program is implemented as well as the December 31, 2019 deadline for receiving the maximum benefit, the program has not appeared to drive activity, just juicing deals that happen to qualify.