Kushners’ Beachfront Strip Eligible for Trump’s Poor-Area Tax Perks
“‘No outside entity had any involvement in the selection of the zones, which was done through an objective process,’ Christine Lee, a spokeswoman for Murphy, wrote in an email. Murphy distributed zones among counties based on the population in poverty and used a formula that weighed income, unemployment, property values, proximity to transit hubs, and existing investment, she said. Poverty has increased in the tract since the 2010 census, she said, and the presence of high-end seasonal housing ‘did not disqualify them from receiving an opportunity zone designation,’ even though Monmouth County, where Long Branch is located, is among the nation’s wealthiest.”