By: Michelle Jarboe, Crain’s Cleveland Enterprise Reporter, Real Estate and Economic Development
“We’re seeing more interest in early-stage activity on the East Side of Cleveland now” said Mike Sikora, a Cleveland attorney who works with clients across the state. “And it is, in part at least, spurred or … benefiting from whether a particular property is in an Opportunity Zone.”
“We are living it,” Sikora said. “We’re having discussions with clients every week.”
Sikora Law, his firm, submitted 80 state tax-credit requests for clients this year and expects to handle more applications in early 2023. He and other professionals are watching closely to see what happens in Congress, where bipartisan bills to extend and modify the Opportunity Zone program are pending in both chambers.