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City of Milwaukee Opportunity Zones

The Department of City Development is ready to assist investors interested in Milwaukee Opportunity Zones. This federal program rewards investment in designated economically challenged communities by providing favorable treatment of the investor's capital gains taxes. 

The City of Milwaukee is an ideal location to maximize the benefits of Opportunity Zone investments. Zones (indicated in tan on the map) can be found from the far northwest side to an area near Mitchell International Airport. Businesses and real estate projects in the 30th Street Industrial Corridor/Century City business park, Havenwoods, the Menomonee Valley, Riverworks industrial area, Harbor District, the near south side, and adjacent to the Park East corridor all qualify for Opportunity Zone investment.

Search the interactive map on this site to determine whether a property is located in a Milwaukee Opportunity Zone and to connect with Business Improvement Districts, Neighborhood Improvement Districts, and neighborhood organizations in the area. Click on a zone (indicated in tan on the map) for more information. Department of City Development staff are happy to answer your questions; David Misky at 414-286-8682. For more information on navigating the map click here

Investing in our Neighborhoods - Opportunity Zone Areas 


View Larger Map 

Learn More About the Following Opportunity Zone Areas

DowntownMenomonee Valley
30 Street CorridorHarbor District
Near West Side

Frequently Asked Questions

What are the tax incentives for investors?

The Opportunity Zone program provides federal tax incentives to encourage investors to put their capital to work in low-income neighborhoods. It provides the following;

temporary tax deferral for capital gains reinvested in an Opportunity Fund. The deferred gain must be recognized on the earlier of the date on which the opportunity zone investment is sold or December 31, 2026.

step-up in basis for capital gains reinvested in an Opportunity Fund. The basis of the original investment is increased by 10% if the investment in the qualified opportunity zone fund is held by the taxpayer for at least 5 years, and by an additional 5% if held for at least 7 years, excluding up to 15% of the original gain from taxation.

permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years. (Note: this exclusion applies to the gains accrued from an investment in an Opportunity Fund, not the original gains).

What assets are eligible for investment?

Real estate and businesses located within the Opportunity Zones in Milwaukee are eligible for investment. View our Development Opportunities to see city real estate available, some may fall within the Opportunity Zones. 

Featured City-Owned Properties in Opportunity Zones 

Century City 
30th Street Corridor
60 acres industrial land available 


City of Milwaukee Department of City Development


Contact Us

David Misky
809 North Broadway
Milwaukee, WI 53202

(414) 286-8682
[email protected]

News and Events 

  • Two Milwaukee Opportunity Zones are in the Top 50 areas for top opportunity zones for smart growth potential. Read the Smart Growth America study
  • Travaux, Inc., a non-profit corporation operated by the Housing Authority of the City of Milwaukee, has announced plans to construct a $150-million affordable downtown apartment building in a Milwaukee Opportunity Zone.
  • The US Department of Housing and Urban Development seeks public comment on its strategy to maximize the impact of Opportunity Zones. This web site provides more information about HUD’s strategy, and includes a link to the online comment form. Comments are due by June 17, 2019.
  • The Treasury Dept. has released its second set of regulatory guidance on Opportunity Zones, check out the following article for a summary of the report. 


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