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Personal View: Opportunity Exists in City's Campus District

February 24, 2019 - Crain's Cleveland Business
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A recent national report examining the more than 8,700 Opportunity Zones spanning the United States ranked the Campus District in Cleveland second for multifamily property, behind only New York City.

The Campus District is sandwiched between downtown and Midtown Cleveland. Bounded by East 18th Street and Davenport and Carnegie avenues, with Lakeside, St. Clair and Chester avenues running through the middle, it includes Cleveland State University, the Wolstein Center, Hilton Garden Inn, Plain Dealer Publishing Co. and Cuyahoga Community College district administrative offices.

Opportunity Zones, which were part of President Trump's 2017 tax overhaul, are not all created equally and have varying potential for new business and real estate investment. This leads investors to ask which Opportunity Zones have the best potential to yield the greatest returns. Locus, a national coalition of real estate developers and investors that advocates for equitable development, helps answer this question.

Read the article here.

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