Quote:
Originally Posted by John Mercier
That means that the property would worth less than the $20,000 per acre...
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Finally something we can agree upon.
So, no tax credits, right?
No ownership history for Dolan?
No basis for hotel land value, just an “opportunity”?
No comps in Belmont, or anywhere else?
No up front cash benefit for an opportunity zone, right?
Can’t sell land as an opportunity zone investor, right?
Only a tax saving on long term profits on an opportunity zone, right?
The whole thing was a farce.