NORFOLK, Va. – Mayor Kenny Alexander met with President Trump at the White House on Wednesday afternoon.
The two exchanged pleasantries and discussed a program in the new tax law called the Opportunity Zones program, which provides incentives for private investment in low income neighborhoods.
“This is a great opportunity,” Mayor Alexander said in the Oval Office. “We’re here to learn more about this opportunity for the city of Norfolk.”
Norfolk City Council members recently voted to begin revitalizing the St. Paul’s area near downtown. With the vote, the city will begin the process of tearing down the older public housing and replace it with mixed-income housing. There are still several hurdles to cross before any construction begins.
“We’re looking forward to this opportunity as a tool to help us address as we address [the St. Paul’s] community into an opportunity for our citizens and all of the region,” Mayor Alexander said.
The Treasury Department is currently working on figuring out how the Opportunity Zones program would work.
