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Mortenson and Pinnacle Partners Break Ground on First-of-its-Kind Full Spectrum Advanced Prefabrication Multifamily Community in Denver

DENVER, CO - Mortenson, a top-20 U.S. builder, developer, and engineering services provider with four decades of experience in Colorado, alongside joint venture partner Pinnacle Partners, celebrated the groundbreaking of Revival on Platte in Denver s Sun Valley neighborhood, a first-of-its-kind multifamily project that will showcase the full breadth of Mortenson s develop, design, fabricate and build capabilities.
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Opportunity zones are the tax shield tech wanted — but is it living up to expectations?


Opportunity zones are the tax shield tech wanted but is it living up to expectations?
June 3, 2021 at 9:01 am
A rendering of Canton Lofts, an opportunity zone housing development in Seattle’s Pioneer Square neighborhood. (Nitze-Stagen Image)
It’s been more than three years since Republicans unveiled a plan to encourage high-net worth Americans to invest in economically distressed areas as part of the 2017 tax overhaul. Opportunity zones were billed as a tool to lift up communities left behind by the modern economy and if the wealthy got a generous tax break in the process, all the better.
The program was the brainchild of several high-profile investors from the tech industry, where soaring stocks lead to big gains. By immediately investing those gains into a fund in a designated opportunity zone, investors can defer their capital gains tax and avoid paying taxes on the profits of the new investment altogether. ....

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