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Cornell Real Estate Review

Abstract

In the year and a half since their introduction, Opportunity Zones have quickly become one of the hottest topics in real estate development. This exciting program offers a new chance to revitalize distressed communities around the country by significantly broadening the pool of potential investors and providing them with enticing incentives to pull their money out of the market and into these locales. The success or failure of the program will hinge on the ability of public-private partnerships to bridge an often fraught line between outside investment and local community. In addition to providing an overview of the Opportunity Zone Program, this article examines the history of these partnerships in New Orleans and identifies the areas of the city that may benefit most from a new, aggressive approach to bringing in previously untapped resources to meet the needs of local residents.

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