In The News

In the (Opportunity) Zone: How to Avoid Diligence Pitfalls

Law360

29 Oct 2019
Reprinted with permission.

Morrison & Foerster partner Jay Blaivas spoke to Law360 about the due diligence issues developers should think about when considering an opportunity zone project.

According to Jay, developers need to be aware of tax bills coming due, which are sometimes taken into consideration when funds are structured, but sometimes not. “Some of the funds…may provide some liquidity for investors to pay taxes,” Jay said, referring to the issue of investors needing to make sure they have capital down the road to take care of the tax bills they’ve deferred by making the opportunity zone investment.

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