City of Somerville, Massachusetts - File #: 206896

• File #: 206896
• Version: 1
• Type: Resolution
• Status: Expired
• File created: 10/21/2018
• In control: City Council
• On agenda: 10/23/2018
• Final action: 2/11/2019
• Enactment date: 10/23/2018
• Enactment #: 206896
• Title: That the Administration explain to this Board, in writing, how the recently-released US Treasury “Opportunity Zone” tax breaks will apply to the Union Square redevelopment, and whether this is expected to significantly increase the profit for the Union Square Master Developer.
• Sponsors: Ben Ewen-Campen, and the Entire Board

Date	Ver.	Action By	Action	Result
12/31/2021	5	Finance	Kept in committee
2/11/2019	4	Finance	Kept in committee
12/11/2018	3	Finance	Kept in committee
10/23/2018	2	City Council	Approved

  Agenda Text

title

That the Administration explain to this Board, in writing, how the recently-released US Treasury Opportunity Zone tax breaks will apply to the Union Square redevelopment, and whether this is expected to significantly increase the profit for the Union Square Master Developer.

body

Official Text

That the Administration explain to this Board, in writing, how the recently-released U.S. Treasury “Opportunity Zone” tax breaks will apply to the Union Square redevelopment, and whether this is expected to significantly increase the profit for the Union Square Master Developer.