Created by Congress in 2017, Opportunity Zones legislation was included in a tax cut bill signed by President Trump. Opportunity Zones are designed to encourage private investment in neighborhoods deemed to be most “in-need”. In return for investing in areas selected by state governors as the “neediest areas”, investors can avoid paying taxes, open almost any type of business and are not required to live in the areas in which they are investing.
There are 8,762 Opportunity Zones throughout the United States. Seventy-four are in Kansas and 161 in Missouri. Trillions of dollars in potential capital gains taxes are eligible for reinvestment in these zones nationwide.
This in-depth series explores the implementation of Opportunity Zones in the Kansas City area, on both sides of the state line, and traces its impact. Take a look each Wednesday through June 10 as Flatland explores the nuances of the law and the forces behind the opportunities. Hear from community leaders, developers and government officials to gain a better understanding of the possibilities and limitations of Opportunity Zones around the metro area.
‘Into The Zone’ | Flatland’s Opportunity Zones Documentary Premieres on KCPT
Flatland’s documentary on Opportunity Zones premieres tonight on KCPT.
Opportunity Zones: Hopes and Dreams Don’t Always Become Realities
A Flatland examination of Opportunity Zones has revealed a tale of confusion, ambivalence, bitterness — and yes, still hope — for a program designed to help America’s economically distressed communities.
New Developments Explore Opportunities in Kansas City’s Historic Old Northeast Area
Opportunity Zones are plentiful in the older parts of Kansas City, but so far have had little effect on redevelopment.
Major Redevelopment Slated for Wyandotte County Opportunity Zone
The former Indian Springs mall site seems tailor made for an Opportunity Zone. And it’s finally beginning to draw serious development interest.
Opportunity Zone Spotlights Downtown Shawnee
Shawnee is seeing some positive impact from its Opportunity Zone, including apartments under construction.
Martin City Hopes for Opportunity Zone Boost
Martin City boosters now hope to leverage its unique down-home-but-high-tech vibe as an Opportunity Zone, a federal program that encourages investors to reinvest capital gains in economically distressed areas.
Seeking Opportunity in Unlikely Zones
Flatland is exploring the implementation of Opportunity Zones in the Kansas City area, on both sides of the state line, and tracing their impact.
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