[BoulderCouncilHotline] FW:

[Carlisle, Cynthia]

Hello, Council and Hotline readers,

Redwood City, CA isn't happy with the Opportunity Zone designation. Their City Council sent a letter to Gov. Brown's office saying they want out. Note the stringent AH requirements if they can't get out and guaranteed neighborhood protections.

https://www.smdailyjournal.com/news/local/city-wants-out-of-opportunity-zone-designation/article_a6aee584-40f7-11e8-a818-776a9ee74ce8.html<https://protect-us.mimecast.com/s/IJOYCBB9GEf7KxOBSz0z7x?domain=smdailyjournal.com>

Astoria, Oregon opted out of Opportunity Zones, based on concerns of "the rich getting richer."  Here's the link:

http://www.kast1370.com/index.php?option=com_content&view=article&id=4810:astoria-takes-a-pass-on-ill-defined-federal-economic-program&catid=17&Itemid=101<https://protect-us.mimecast.com/s/8iuPCDkWKEu5A7k0t59xkH?domain=kast1370.com>

Also, Austin, TX has expressed major concerns about OZ, thinking it may hurt the very people it's supposed to help:

https://nextcity.org/daily/entry/this-fast-growing-city-has-major-concerns-about-new-investor-tax-break<https://protect-us.mimecast.com/s/vHMkCERWLQH3xwNMCpCdeY?domain=nextcity.org>

Seems Boulder isn't the only place to want closer examination around these apparent "benefits."

Cindy Carlisle




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