Upzoned #5: Opportunity Zones, But For Whom?

Published: Oct. 29, 2018, 6:11 p.m.

b".... But where's that familiar intro music?! If you're looking for the regular Strong Towns Podcast, never fear\\u2014it'll be back next week.\\nToday we're cross-posting a recent episode of\\xa0Upzoned, a podcast we launched in September featuring Strong Towns's own Kea Wilson, Chuck Marohn, and occasional guests. Each week, they pick one recent news story that's part of the Strong Towns conversation, and they discuss it in depth. We wanted to make sure you haven't missed\\xa0Upzoned\\u2014there's a new episode every Friday if you like what you're hearing!\\nIf you\\u2019re plugged into the urbanist blogosphere, you\\u2019ve probably heard something about the new federal Opportunity Zones by now. And you might even think they sound pretty good. After all, anything that incentivizes investment in underserved areas\\xa0sounds\\xa0like a pretty good deal\\u2014and by eliminating capital gains taxes on new development in some of the poorest regions of your state, there\\u2019s no doubt that the money will come pouring in.\\nBut Upzoned hosts Kea and Chuck aren\\u2019t so sure. Is a big bucket of money really what these neighborhoods need? Will outside developers really build the kind of locally responsive, fine-grained stuff that would make these towns strong\\xa0and\\xa0lift up the people who are already there? What would a better Opportunity Zones program look like\\u2014or is using a federal program to develop a neighborhood like steering an ocean liner with a canoe paddle?\\nAnd then in the Downzone, Chuck and Kea talk about their recent reads. Hear Chuck\\u2019s final thoughts on Mariana Mazzucato\\u2019s\\xa0The Value of Everything,\\xa0and get the behind-the-scenes scoop on Kea\\u2019s recent interview with author William Knoedelseder on his new bookFins: Harley Earl, The Rise of General Motors and the Glory Days of Detroit."