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Boulder, Colorado, to Block Most New Development in Its Opportunity Zone

City Council Concerned Over Potential Projects That May Not Meet Community Goals
The moratorium could block Macy's plan to redevelop a 150,000-square-foot store into the office space envisioned above.
The moratorium could block Macy's plan to redevelop a 150,000-square-foot store into the office space envisioned above.
CoStar News
December 20, 2018 | 5:21 P.M.

The city council of Boulder, Colorado, voted to put a moratorium on most new development in the city's opportunity zone after a marathon public hearing that lasted until the early hours of Thursday, an early indication of backlash against a program designed to spur investment in areas designated as economically distressed.

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