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San Rafael weighs new Opportunity Zone for Canal district amid displacement concerns
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San Rafael weighs new Opportunity Zone for Canal district amid displacement concerns
SAN RAFAEL IS SEEKING a federal tax incentive known as an Opportunity Zone, this time deliberately, knowing it could become a double-edged sword. Housing and business projects in economically distressed communities, like the Canal district of San Rafael, are considered riskier investments. An Opportunity Zone makes it easier for businesses and developers to find investors through a Qualified Opportunity Fund, an investment vehicle that pools mon…
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