April 29, 2019 by Margaret Jackson

Bisnow Wants Your Insight On How Opportunity Zones Will Impact Denver Development

Photo: Cassie Gallegos/Unsplash

Participate in this survey and you could win a $100 Amazon gift card!

Colorado has 126 census tracts designated as opportunity zones, and investors are taking notice of what some see as a strong vehicle for investment and tax deferral.

The majority of the state's opportunity zones are outside of the Front Range. The goal: to improve Colorado’s rural economies.

The Colorado Office of Economic Development and International Trade undertook a rigorous process to nominate census tracts for opportunity zone status. It produced metrics for evaluation, took public input and collaborated with regional economic development partners to select the tracts that make the most sense for private capital investment.

Investors can park their capital gains from the sale of other assets in opportunity zone funds, leave them for five to 10 years and receive substantial tax reductions on both current and future earnings. What does the investor interest mean for the state and the Denver metro area?

Bisnow wants to know what you think. Will you invest in an opportunity zone fund? Do you think opportunity zones will help create affordable housing? Take the survey to share your thoughts.