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New York Penn Station Rehab Eyes Billions in Federal Funding

The entities transforming New York’s Penn Station are slated to learn how much federal money will be directed to the project in about six months, according to Peter Cipriano, chief executive officer of the Halmar-Skanska consortium, the renovation’s master developer.

Opportunity Zones: Will Tax Break for Investors Benefit Communities Too?

The 2017 tax overhaul included incentives to invest in distressed communities. Investors benefit from tax breaks and the designated opportunity zones benefit from economic investment, but critics say already-wealthy investors don’t need these breaks.

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