The Post and Courier: Some Valuable Downtown Charleston Land Now Comes with Tax Breaks

“Even if the tax breaks drive some new investment into low-income areas, this does not guarantee that these investments will ultimately benefit low-income families within the opportunity zones,” said the Institute on Taxation and Economic Policy. “In fact, additional investment driven by opportunity zones could have the unintended effect of fueling higher real estate prices that serve to displace low-income citizens and businesses rather than benefit them.” Read more