Gentrifying Neighborhood Qualifies as a Federal 'Opportunity Zone'
"Georgia recently unveiled its 260 'Opportunity Zones' — designations included in a new federal program, aimed at spurring investment in struggling areas," reports Stephannie Stokes.
The state's choice of Opportunity Zones has raised some eyebrows, however, as the list includes the neighborhood of Edgewood on Atlanta’s eastside. According to Stokes, Edgewood "might not fit many people’s image of struggling," as homes are selling for $900,000 and new apartment buildings open around MARTA transit stops.
Similar questions about designating gentrifying areas as Opportunity Zones have also been raised in Portland, Oregon.