Streetwise: Opportunity Zones could help spur development in Green Bay

GREEN BAY - An Iowa development group could be the first to use a 2017 federal tax incentive to redevelop property in Green Bay. 

Merge Urban Development Group, of Cedar Rapids, has secured a six-month planning option a vacant, narrow strip of city-owned land at 321 and 325 N. Broadway. The group is developing plans for a three-story, 33,000-square-foot building with 24 apartments, underground parking and 2,000 square feet of first-floor commercial space. Work would likely start in 2020. 

The $5 million project would capitalize on the property`s inclusion in one of four Opportunity Zones in the Green Bay area   ...more