Opportunity in Wealthy Communities?
From a recent article in Crain's Detroit:
Bob Waun, the owner/broker of Pontiac-based Dirt Realty LLC who is active in downtown real estate in the county seat, said Troy's singular Opportunity Zone is emblematic of the "gerrymandering" that took place when designating the zones.
"There were 8,300 zones across the country, and if they had narrowed it to, say, 1,000, it would have been a more impactful tax act because it would have intensified them instead of diluted them," Waun said.
"We have identified a number of others that otherwise look like wealthy communities that got Opportunity Zones. They were gerrymandered through political manipulation of the rulebook or boundaries. Nobody thought Troy needed Opportunity Zones to attract opportunity or investment," Waun said.