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There's an opportunity zone adjacent to Palo Alto that extends into Menlo Park. It has a Four Seasons hotel in it. There are other areas nearby that could use the investment incentive a lot more IMO. Who decided on these zones? Seems totally arbitrary.


I think that's East Palo Alto, a historically low income area: https://opportunitydb.com/zones/06081612100/


Yeah but most of East Palo Alto isn't in the zone, and part of Menlo Park is.


The borders are based on census tracts with low average income. The complete list of zones is here: https://www.irs.gov/pub/irs-drop/n-18-48.pdf

I'm not sure who draws census tract lines.


Arbitrarily and Irish myself seeing three streets of Irish name makes me assume long term economic doldrums. Saying this isn't a good feeling but one generation removed from poverty that's what I am programmed to think. (I'm not young my mother was born in '31)


It is arbitrary. Probably created by special interest groups and the politicians that cater to them. As if taxes were good in some geographic areas but not in others.


That doesn't sound like "arbitrary". In fact it sounds very "reasoned".


Governors. Many tracts were selected as political favors to donors to developers who already owned significant acreage in the OZ.


> Who decided on these zones?

The wealthy




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