Press Mention

Gianaris Takes Aim at Big Developers, Plans to Undo Lucrative Tax Break

Queens Post

February 26, 2021

The opportunity zones will remain in effect until at least 2026. The time frame is deemed too long by critics of the program.

“This is problematic for two reasons,” according to Sean Campion, who wrote a report on opportunity zones in 2019 that was released by the Citizen’s Budget Commission. “First eligibility was based on data from the 2011-2015 American Community Survey, which was already outdated at the time of selection. Second the opportunity zone boundaries will not adjust to account for neighborhood change and development over time.”

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