In The News | Exploring the Lightfoot platform, part two: Neighborhood development
Opportunity Zones can accelerate investment in long-forgotten corners of the city. But according to Jon Morgan, managing principals and co-founder of Interra Realty, there has already been substantial investor concentration on the South and West Sides, at least for workforce housing.
“We’ve seen interest coming in from other states because they are chased out of their own markets with yield,” Morgan said. “Chicago has a lot of good economic factors that a lot of other markets don’t have.”
Fellow co-founder and managing principal of Interra Realty, David Goss, echoed this sentiment. He also has confidence in the new administration’s ability to affect change at the neighborhood level.
“I think the new mayor and her approach to everything has really energized people to have a little bit of optimism,” Goss said. “I think change is good at times and I think she has really presented a good initial impression to a lot of people.”
Read article: RE Journals