and some investors are now pooling that money into multimillion-dollar
Opportunity Funds. Among them are local firms McGough Development and Olympus
Ventures, which created a fund to help build a 402-unit apartment building —
one of the largest housing projects in the region — east of the Mall of
America.”
“"Without knowing more about the facts on the ground [in Bloomington], we can
say pretty unequivocally that there are many other places in the state of
Minnesota that look far more deserving," said John Lettieri, CEO of the
Economic Innovation Group, the Washington, D.C.-based advocacy organization
behind the Opportunity Zone idea. Lettieri said the public should examine why
the decision was made and how state and local leaders will ensure it benefits
the area's lower-income residents.”
HOOYAH! The Brainpower State
http://www.startribune.com/tax-break-for-poor-areas-boosts-mall-of-america-district/503952002/