A portion of the City of Crystal is a federally-designated Opportunity Zone under the 2017 federal tax law.
• This designation provides federal tax benefits for investments in new or substantially renovated buildings.
• The benefits are completely governed by federal tax law, and no city involvement or approval is required. (Please see the IRS information link below.)
• Any private property within the Opportunity Zone is potentially eligible for these benefits (Neither the City of Crystal nor its Economic Development Authority own any development sites in the Opportunity Zone).
• If you have specific sites you would like to discuss, contact Community Development Director John Sutter at 763-531-1130 or
[email protected].
For more information:
Crystal Opportunity Zone - Location Map
Crystal Opportunity Zone - Aerial photo (2018)
Hennepin County Opportunity Zones - Map, Contacts and Links
IRS Frequently Asked Questions regarding Opportunity Zones