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So, what does it take to put together a GO Zone deal?

Article Excerpt
The GO Zone incentives are great--if you have the right kind of deal. But do enough developers have the right kinds of deals to really use the incentives? And how do they decide which incentive to use?

John England, an attorney with Butler, Snow, O'Mara, Stevens & Cannada, PLLC, Jackson, said the process of successfully developing a plan to optimize use of the incentives for a particular project includes identifying and understanding the following factors:

1. What is available from all sources (federal, state and local).

2. The existing status of the taxpayer and the nature of the potential project.

3. The short-term and long-term business objectives of the taxpayer.

"Businesses may utilize GO Zone incentives to support many types of commercial projects including hotels, office buildings, retail stores, restaurants and manufacturing facilities and equipment," England said.

Butler Snow recently gave a presentation at a meeting of the International Council of Shopping Centers (ICSC) showing how the GO Zone incentives could be utilized...

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