Exploring Westchester’s Opportunity Zones

16Apr - by Editor - 0 - In STL.News

 

WESTCHESTER COUNTY, N.Y./ APRIL 16, 2019 (STL.News)

On Friday, April 5, The Fordham Real Estate Institute (REI), The Business Council of Westchester (BCW) and Westchester County Government brought together real estate professionals and local officials to unpack the biggest trend to impact commercial real estate in years: Opportunity Zones. As described by the IRS, an Opportunity Zone is, “an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.” The standing-room only event was hosted at 800 Westchester Avenue in Rye Brook and took a deep dive into what Opportunity Zones are and how the program impacts the County’s eight municipalities that house them.

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