Tag: Opportunity Zone

Tropicana Field Site Once-in-a-Decade Request for Redevelopment Proposal

Spanning 86 acres of publicly-owned land nestled in the middle of St. Pete, Florida, with one of the most vibrant and walkable downtowns in the nation, the Tropicana Field site represents a development opportunity unlike any other in the Southeast.  The City of St. Petersburg has dedicated a minimum of $75 million for infrastructure development… Read more »

Opportunity Zones: The Benefits in St. Pete

Opportunity Zones, Opportunity Funds, St Pete, FL

Signed into law in late 2017, the Tax Cuts and Jobs Act of 2017 serves to incentivize investment in distressed communities by allowing the re-investment of assets, otherwise subject to a taxable gain, in a Qualified Opportunity Zone. Qualified Opportunity Zones are low income communities nominated by the governor of each U.S. state where reinvigoration… Read more »