Take an obscure development law and combine it with misaligned polygons. And what do you get? A way to divert tax breaks that were meant to help the poor. It’s hard to believe that this was even allowed to happen in the first place.
One Trump Tax Cut Was Meant to Help the Poor. A Billionaire Ended Up Winning Big.
Opportunity zones are meant to spur new investment in poor areas. But Under Armour’s Kevin Plank is getting a tax break for investments that are not new and not in a poor tract. And Plank’s area was picked over neighborhoods that are actually poor.
ProPublica