The U.S. Department of Transportation has released an interactive map that provides details about significant transportation-related facilities, such as highway exits, train stations, and bus stops, that are located in or near Opportunity Zones. Click here to read more.
OZ News
In the News> National Study Ranked Nearly 8,000 Opportunity Zone Tracts in 2 categories: Newark had one in Top 10 of both
By Ted Zangari on
Posted in New Jersey, OZ News
As seen on: ROI-NJ.com
By Tom Bergeron
The city of Newark has one of the top locations in the country for investors looking to take advantage of the new Opportunity Zone Program, according to a national study released Thursday morning.
The LOCUS National Opportunity Zone Ranking Report ranked a census tract in downtown Newark in…
In the News> Executive Order on Establishing the White House Opportunity and Revitalization Council
Posted in OZ News
On December 12, 2018, President Donald J. Trump issued an Executive Order establishing the White House Opportunity and Revitalization Council.
In the News> Opportunity Zones: Giving Low-Income Areas Opportunity Was Easy. Making Sure They Are Ready Is Bigger Challenge
By Ted Zangari on
Posted in OZ News
As seen on: ROI-NJ.com
By Tom Bergeron
The panelists at the Opportunity Zone program were a bit bombastic when it came time to describe the potential the program has in low-income areas.
“Too good to be true,” said one.
“We’ve never seen anything like this,” said another.
Ted Zangari, head of the Real Estate…
In the News> NJ Governor May Join Rutgers Panel to Discuss Opportunity Zones Monday
By Ted Zangari on
Posted in OZ News
In an exclusive audio interview, Newark real estate attorney Ted Zangari says investors need to start identifying appreciated assets quickly so that they can engage in Opportunity Zone transactions before the end of 2019 to gain the maximum tax advantages.
As seen on: GlobeSt.com
By: Steve Lubetkin
With Developers waiting to learn about tax treatment…
IRS to Release Long-Awaited Regulations for Opportunity Zone Program Today
Sills Cummis has learned that later today the Internal Revenue Service will be releasing the long-awaited regulations for the new federal Opportunity Zone program together with a revenue ruling and a key document, the Form 8996 for self-certification by OZ funds. Please return to this site over the weekend and beyond for a continually-updated summary…
In the News> Opportunity Zones and Tax Credits: A Match Made In…?
By Ted Zangari on
Posted in OZ News
As seen on: HousingFinance.com
By: Catalina Vielma
Opportunity Zones have officially become the industry’s buzz phrase for 2018. Since the passage of the Tax Cuts and Jobs Act, we have watched governors designate which census tracts they want to favor and listened as the states forecast the potential impact on their local economy. As I…
In the News> (Big) Opportunity Knocks: Why Sills Cummis’ Attorneys Feel Opportunity Zones Could Bring ‘Greatest Wealth Transfer in History of Country’
By Ted Zangari & Sills Cummis & Gross P.C. on
Posted in OZ News
As seen on: ROI-NJ.com
By: Tom Bergeron
In this ROI-NJ interview, Sills Cummis’ Ted Zangari and Jaime Reichardt share their insights on the recently enacted federal Opportunity Zone Program.
Ted Zangari, chair of the Redevelopment Law Practice Group at Sills Cummis & Gross P.C. in Newark, is one of the most prominent public incentives and…
In the News> When Opportunity Knocks: Cities Eager to Take Advantage of Opportunity Zones
By Ted Zangari on
Posted in OZ News
As seen on: Bisnow.com
By: Joseph Pimentel, Bisnow Los Angeles
In Downtown Long Beach, million-dollar homes, high-end condominiums and luxury apartments line Ocean Boulevard, just a few steps from the beach. The waterfront has high-rise hotels, towering office buildings and chic retail and restaurants. The city also has pockets of abject poverty.
In the News> Fixing America’s Forgotten Places
By Ted Zangari on
Posted in OZ News
Opportunity Zones, created by Trump’s tax law, are meant to help the heartland thrive and make the country more equal—but can they pull it off?
As seen on: TheAtlantic.com
By: Annie Lowrey
FRESNO, Calif.—Census tract 06019000100 has a lot going for it. Locals cheer the melting-pot atmosphere, the arts scene, the nearby nature, and the…