Thursday, February 21, 2019

Aventura Mall is in a low-income community?!?!

Not much to write about lately: either I'm busy with real work, or just less cranky.  
Aww, you KNOW I'm no less cranky!

But even busy, I had to post about the latest outrage to come to my attention.

It started with a story in today's NYT titled 

Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets

and you can find the story at this link: https://www.nytimes.com/2019/02/20/business/taxes-hedge-funds-investors-opportunity-funds.html?emc=edit_th_190221&nl=todaysheadlines&nlid=585994050221

Sounds great, right?  I also found a map where you can search out these "eligible low-income rural and urban communities" so that you too can invest like a billionaire.  The map tool is at this link.

So what's the problem?  Why me so cranky?  Here's why:


See the red circle?  Look familiar?  It's AVENTURA FREAKING MALL.  The 3rd largest retail mall in the "United States of A" and home of top-tier retail stores of every stripe, apparently is nestled within a "low-income rural and urban community"?  Distressed?!

So how on earth did one of the countries most affluent and profitable shopping destinations find itself in an Opportunity Zone?  According to the Times story "Local officials selected the zones from a group of areas deemed eligible for the designation under a federal formula that factors in income and poverty levels."

Sounds to me like cause for further study into "local officials."

Aventura Mall is in a low-income community?!?!

Not much to write about lately: either I'm busy with real work, or just less cranky.   Aww, you KNOW I'm no less cranky! But even...