Opportunity Zone Deals Are Accelerating As Program Starts To Look More AttractiveMay 19, 2020 – Media Mention
Greenberg Glusker partner, Michael Wiener, spoke with Bisnow to offer insights on opportunity zones for the article, "Opportunity Zone Deals Are Accelerating As Program Starts To Look More Attractive."
Some see investors putting money into opportunity zone funds as a way to hedge against an uncertain economic future. Many states and cities are facing devastating budget shortfalls and investors are reading the writing on the wall.
“There is a near-universal agreement that at some point in the future, taxes are going to go up due to all of the government spending,” Greenberg Glusker Tax Partner Michael Wiener said. “With an opportunity zone investment, you sort of have a hedge against that. If you fulfill the 10-year hold, [the profits are] not taxed. It’s these investments that make these projects even more valuable in this current climate.”
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