Opportunity Zones Haven’t Been Finalized, But Baltimore Is Already Taking Action
January 22, 2019
War Horse Cities had assembled and carried out some improvements to its Hollins Market project through its not-for-profit community development corporation when the opportunity zones were designated. Now, the CDC plans to sell the assemblage to a third-party opportunity fund. If the project can deliver real returns with the help of the tax break, then the area becomes an investment target for all forms of capital, rather than only philanthropic or social impact funding.