Brentwood, CA — Contra Costa County Board of Supervisor Diane Burgis is pleased to announce that Antioch land tracts nominated for Governor Brown’s designation as Opportunity Zones were included in the March 22nd submission to the federal government.
Opportunity Zones incentivize development by deferring or eliminating federal capital gains taxes. A successful designation could lead to improvements and redevelopment at the mall and in the surrounding areas.
Supervisor Burgis remarked, “I’ve spoken with Antioch business and city leaders and I know that the Somersville mall area is a priority for the city. We worked together with the City, State Senator Steve Glazer’s office, the Antioch Chamber of Commerce, and the mall’s executive team to coordinate comments to California’s Department of Finance. I’m pleased that our collaboration proved successful.”
“We’re pleased that the Governor’s office has recognized the benefit of increasing the number of Opportunity Zones in Antioch. We’re doing all we can to partner with our business owners to redevelop underperforming commercial centers and neighborhoods. This financial incentive for investors is another tool that can be used toward achieving continued economic development and job creation in Antioch and our region,” said Ron Bernal, City Manager.
Antioch Mayor Sean Wright adds, “I am excited to see collaboration pay off in a big win for Antioch. Our inclusion in the opportunity zones will help to create investment and redevelopment of vital areas in our community.”
From the business community, Somersville Towne Center General Manager Julie Neward offers, ”Somersville Towne Center is appreciative of the efforts made by the local Community Leaders to add the census tracts in the Somersville District to the Federal Opportunity Zone Program, which will offer a driver for economic growth in the area, thereby supporting the local community through employment and business offerings. “
According to the March 21 letter by Governor Jerry Brown, California has a total of 3,5 qualified census tracts, the governor has developed the list down to 879 census tracts that represent 57 of California’s 58 counties.
For more information about the Opportunity Zones in California visit: http://dof.ca.gov/Forecasting/Demographics/opportunity_zones/index.html.
5 comments
Too dangerous to shop there. People get shot in the lot walking to their cars. The people hanging in front of Smart N Final are so disgusting, I won’t shop there. Have their hands down their pants and then go in the store, so gross. Would love to be able to work out at 24 like the old days (2005) but the lot is too dangerous.
I avoid that place entirely. We used to go to the Chinese buffet there, but the food got to be so inedible, that we skip it altogether. This shopping area needs to have security guards outside watching for creeps and chasing them off.
What are you talking about we shop there all the time since smart N final open for business I have not seen any of those people there at all,
The management of Somersville Town Center are doing a great job of changing the atmosphere there. Very pleasant to visit now.
I don’t know about it being “pleasant” but we have been there in the past year. The parking lot was filthy. Macys was filthy inside. The usually clean floors were awful. We were told they had cut their janitorial. Dumb.
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