The knock on the wildly popular federal Opportunity Zones program has been that, so far, its intended purpose of lifting up distressed neighborhoods has not been front and center on developers and investors’ minds. Controversy has stirred anew now, this time concerning Under Armour’s billionaire CEO Kevin Plank. He was able to qualify for Opportunity Zone tax benefits for his waterfront development south of downtown Baltimore despite his project not meeting the program’s initial parameters, […]
source https://therealdeal.com/national/2019/06/21/a-billionaire-ceo-reaps-benefits-from-opportunity-zone-loophole-report/#new_tab
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