The Skyline Center is located in a newly designated Opportunity Zone.
The U.S. Treasury Department has approved 153 new Opportunity Zones in Virginia, including one in Bailey’s Crossroads and one in Seven Corners.
“These designations will support new investment, create jobs, and drive economic growth across the Commonwealth by empowering these communities to leverage federal incentives,” said Virginia Gov. Abigail Spanberger on Nov. 6.
The Seven Corners Opportunity Zone (Census Tract 51059451400) is bordered by Arlington Boulevard, Wilson Boulevard, and the Arlington County Line.
The Opportunity Zone in Bailey’s Crossroads (Census Tract 51013102200) is generally between Leesburg Pike, S. George Mason Drive, Holmes Run, and Magnolia Lane.
Opportunity Zones were established by the 2017 Tax Cuts and Jobs Act to provide tax incentives to encourage long-term…
