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Tried it many times, this is what that gives me:
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<title>Hurdles remain before full benefits of opportunity-zone program can be realized, Denver Business Journal panel says - Denver Business Journal</title>
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Tried it many times, this is what that gives me:
<!DOCTYPE html>
...
1. Scroll down to line 1026.
2. Select lines 1026 to 1058 and copy.
3. You get this
Quote:
<div class="inline-ad-layout"><div class="inline-container"><p class="content__segment combx">While <a href="https://www.bizjournals.com/denver/news/2019/08/08/denver-opportunity-zones-early-investments.html" target="_blank">more than $1 billion already is targeted</a> to pour into opportunity zones in and around Denver, lack of federal clarity in the rules surrounding the tax-advantaged development areas could hinder several potential major projects, including the repurposing of properties that house the Denver Merchandise Mart and the Robinson Dairy, experts said at a Denver Business Journal event Tuesday, Aug. 27.</p>
</div></div><div class="inline-ad-layout"><div class="inline-container"><p class="content__segment combx">Even as members of a panel praised the year-and-a-half-old opportunity-zone investment program as a tax law that is “highly favorable to the investor,” they argued that more clarification is needed from the federal government on the amount of time that investors have to place their capital gains into a qualified fund and on the definition of “substantial improvement” that must take place to a property in a zone. The comments came at DBJ’s “Deals & Dealmakers Live: Possibilities & Pitfalls of Opportunity Zones,” which was moderated by real estate reporter <a href="denver/search/results?q=Andrew Dodson">Andrew Dodson</a>.</p>
</div></div><div class="inline-ad-layout"><div class="inline-container"><p class="content__segment combx"><a href="profile/company/org_ch_8dee785242adcfcab0ded025d455d232" data-ct="APT:bbm_profile_link">Cushman & Wakefield</a> broker <a href="denver/search/results?q=Alec Rhodes">Alec Rhodes</a> noted, for example, that properties purchased with opportunity-zone funds must undergo substantial improvement to qualify for tax breaks, and that improvement must be on structures now located on them. But if the property is of better use without the existing structures, that mandate could stop redevelopment of land in economically disadvantaged areas where investors want to put it to new use, he said.</p>
</div></div><article-inline-gpt :iterator=1></article-inline-gpt><div class="inline-ad-layout"><div class="inline-container"><p class="content__segment combx">Cushman & Wakefield represents the owners of the Denver Merchandise Mart on East 58th Avenue, which is in an opportunity zone. While no decision has been made about the future of the site, the owners would like to market the 34-acre property as one in which a developer could keep or scrape the events site that occupies 15 acres of it, Rhodes said. But opportunity-zone rules require a purchaser looking to reap the tax benefits of such a property to improve what is there now, severely limiting the range of possible buyers.</p>
</div></div><div class="inline-ad-layout"><div class="inline-container"><p class="content__segment combx">“The asset-by-asset improvement — as opposed to a group-of-assets improvement — is one of the more talked-about points of the law,” Rhodes said in an interview after the event, noting the same rule could hamstring the <a href="https://www.bizjournals.com/denver/news/2019/06/03/robinson-dairy-plant-denver-opportunity-zone.html" target="_blank">potential redevelopment of the Robinson Dairy plant property</a> at 6th and Bryant streets in a different opportunity zone. “People are still trying to figure it out.”</p>
</div></div><div v-if="desktop" class="inline-ad-layout"><div class="inline-container"><article-inline-gpt :isooc='true'></article-inline-gpt></div></div><div class="inline-ad-layout"><div class="inline-container"><inline-companies-promo v-if='displayCompanyPromo' :limit='10'></inline-companies-promo></div></div><div class="inline-ad-layout"><div class="inline-container"><p class="content__segment combx">Created as part of the federal tax reform of 2017, the opportunity-zone program <a href="https://www.bizjournals.com/denver/news/2019/01/17/colorado-opportunity-zones-investors-cities.html" target="_blank">allowed states to designate tracts</a> where average income is 80% of the state’s median family income or lower, and Colorado chose 126 of them. Investors can put capital gains into properties or businesses in the zones within six months of realizing the gains and receive a reduction of 15% on the tax base of the gains, as well as a complete elimination of capital-gains taxes on the appreciation of the property if the investment is held there for 10 years or more.</p>
</div></div><article-inline-gpt :iterator=2></article-inline-gpt><div class="inline-ad-layout"><div class="inline-container"><p class="content__segment combx">The possibilities of the program are being shown in some projects already announced.</p>
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</div></div><div class="inline-ad-layout"><div class="inline-container"><p class="content__segment combx">Sebastian Partners Managing Partner <a href="denver/search/results?q=Michael Graham">Michael Graham</a> told the audience at The Ritz-Carlton, Denver, about a <a href="https://www.bizjournals.com/denver/news/2019/08/01/avelon-aurora-development.html" target="_blank">$400 million project in north Aurora</a> his company is overseeing that involves 1,100 residential units, three hotels and 700,000 square feet of an entertainment district centered on a concert venue. <a href="denver/search/results?q=Avy Stein">Avy Stein</a>, co-founder of Cresset Capital, detailed a <a href="https://www.bizjournals.com/denver/news/2019/06/19/denver-opportunity-zone-rino-project-cresset.html" target="_blank">$150 million, 385-unit luxury apartment building</a> his firm is financing in the RiNo area.</p>
</div></div><div class="inline-ad-layout"><div class="inline-container"><p class="content__segment combx">But both Graham and Stein warned that the six-month timeframe that investors have to get their money into a qualified opportunity-zone fund is a very short window and suggested that it could be reconsidered by Congress, along with rules that now require investors to get their money into the zones by the end of this year to receive full tax benefits.</p>
4. Paste this into a blank Pages doc.
5. Do a find/replace and replace these with the empty set.
<div class="inline-ad-layout">
<div class="inline-container">
<p class="content__segment combx">
</div></div>
6. Now you have this which is pretty easy to read:
Quote:
While <a href="https://www.bizjournals.com/denver/news/2019/08/08/denver-opportunity-zones-early-investments.html" target="_blank">more than $1 billion already is targeted</a> to pour into opportunity zones in and around Denver, lack of federal clarity in the rules surrounding the tax-advantaged development areas could hinder several potential major projects, including the repurposing of properties that house the Denver Merchandise Mart and the Robinson Dairy, experts said at a Denver Business Journal event Tuesday, Aug. 27.</p>
Even as members of a panel praised the year-and-a-half-old opportunity-zone investment program as a tax law that is “highly favorable to the investor,” they argued that more clarification is needed from the federal government on the amount of time that investors have to place their capital gains into a qualified fund and on the definition of “substantial improvement” that must take place to a property in a zone. The comments came at DBJ’s “Deals & Dealmakers Live: Possibilities & Pitfalls of Opportunity Zones,” which was moderated by real estate reporter <a href="denver/search/results?q=Andrew Dodson">Andrew Dodson</a>.</p>
<a href="profile/company/org_ch_8dee785242adcfcab0ded025d455d232" data-ct="APT:bbm_profile_link">Cushman & Wakefield</a> broker <a href="denver/search/results?q=Alec Rhodes">Alec Rhodes</a> noted, for example, that properties purchased with opportunity-zone funds must undergo substantial improvement to qualify for tax breaks, and that improvement must be on structures now located on them. But if the property is of better use without the existing structures, that mandate could stop redevelopment of land in economically disadvantaged areas where investors want to put it to new use, he said.</p>
<article-inline-gpt :iterator=1></article-inline-gpt>Cushman & Wakefield represents the owners of the Denver Merchandise Mart on East 58th Avenue, which is in an opportunity zone. While no decision has been made about the future of the site, the owners would like to market the 34-acre property as one in which a developer could keep or scrape the events site that occupies 15 acres of it, Rhodes said. But opportunity-zone rules require a purchaser looking to reap the tax benefits of such a property to improve what is there now, severely limiting the range of possible buyers.</p>
“The asset-by-asset improvement — as opposed to a group-of-assets improvement — is one of the more talked-about points of the law,” Rhodes said in an interview after the event, noting the same rule could hamstring the <a href="https://www.bizjournals.com/denver/news/2019/06/03/robinson-dairy-plant-denver-opportunity-zone.html" target="_blank">potential redevelopment of the Robinson Dairy plant property</a> at 6th and Bryant streets in a different opportunity zone. “People are still trying to figure it out.”</p>
<div v-if="desktop" class="inline-ad-layout"><article-inline-gpt :isooc='true'></article-inline-gpt><inline-companies-promo v-if='displayCompanyPromo' :limit='10'></inline-companies-promo>Created as part of the federal tax reform of 2017, the opportunity-zone program <a href="https://www.bizjournals.com/denver/news/2019/01/17/colorado-opportunity-zones-investors-cities.html" target="_blank">allowed states to designate tracts</a> where average income is 80% of the state’s median family income or lower, and Colorado chose 126 of them. Investors can put capital gains into properties or businesses in the zones within six months of realizing the gains and receive a reduction of 15% on the tax base of the gains, as well as a complete elimination of capital-gains taxes on the appreciation of the property if the investment is held there for 10 years or more.</p>
<article-inline-gpt :iterator=2></article-inline-gpt>The possibilities of the program are being shown in some projects already announced.</p>
Sebastian Partners Managing Partner <a href="denver/search/results?q=Michael Graham">Michael Graham</a> told the audience at The Ritz-Carlton, Denver, about a <a href="https://www.bizjournals.com/denver/news/2019/08/01/avelon-aurora-development.html" target="_blank">$400 million project in north Aurora</a> his company is overseeing that involves 1,100 residential units, three hotels and 700,000 square feet of an entertainment district centered on a concert venue. <a href="denver/search/results?q=Avy Stein">Avy Stein</a>, co-founder of Cresset Capital, detailed a <a href="https://www.bizjournals.com/denver/news/2019/06/19/denver-opportunity-zone-rino-project-cresset.html" target="_blank">$150 million, 385-unit luxury apartment building</a> his firm is financing in the RiNo area.</p>
But both Graham and Stein warned that the six-month timeframe that investors have to get their money into a qualified opportunity-zone fund is a very short window and suggested that it could be reconsidered by Congress, along with rules that now require investors to get their money into the zones by the end of this year to receive full tax benefits.</p>
So, from the article is says COLO has 126 of these opportunity zones but the rules are still murky.
In the way of actual projects: the Denver Merchandise Mart may be redeveloped; there's a $400 million project in North Aurora for 1,100 residential units, 3 hotels and 700,000 square feet of an entertainment district centered on a concert venue; and a $150 million, 385-unit luxury apartment building in the RiNo area.
I'm surprised Pueblo isn't all over this....maybe they don't need anything...
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Last edited by Mike from back east; 09-01-2019 at 04:26 PM..
I'm surprised Pueblo isn't all over this....maybe they don't need anything...
It is. Damn near 3/4 of that city was designated as an opportunity zone. But you have to get people willing to sink their money in the city- which isn't something that investors are going to do when the number one driver of growth is the "drive until you qualify" effect and none of Pueblo West was included in an OZ. Though EVRAZ will probably get in on this with their rail plant expansion as the entire CF&I site was designated an opportunity zone.
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