A New Beginning for Chicago’s Michael Reese Hospital

January 25, 2021

The former Michael Reese Hospital site is one of the high-profile, closely watched Opportunity Zone sites in Chicago. A new joint venture has been formed to develop the Chicago ARC Innovation Center at the location. Please see the article below for more details.

Ashley Dillard, CCIM

Senior Director

CRER

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Opportunity Zones By The Numbers

8,764 CENSUS TRACTS

The total number of census tracts certified as Opportunity Zones by the U.S. Treasury.

$6.1 TRILLION

Potential unrealized capital gains eligible for Qualified Opportunity Fund investment and tax treatment.

$100 BILLION

Treasury Secretary Steven Mnuchin’s estimate of private capital that will flow into Opportunity Zones.