New Opportunity Zone Regulations Released
California OZ Projects Get CEQA Relief!
California OZ Projects Get CEQA Relief!
Larry J. Kosmont is chairman and CEO of Kosmont Companies, a real estate and economic development services firm specializing in public-private transactions. Robert Valenti is a senior project analyst with Kosmont Companies and provided research assistance.
St. Helena officials are eyeing a new financing tool that could help fund infrastructure and housing. An Enhanced Infrastructure Finance District (EIFD) allows local governments to leverage future revenue from increased property taxes in order to issue bonds and otherwise pay for infrastructure projects.
The city-owned 5.6-acre Adams Street property, which now contains a vineyard, could become the site of a luxury resort, with some space left over for public use. (Note: After this article was published, the council’s initial discussion of the Adams Street property was postponed to May 28.)…