Treasury Department approves R.I.’s 25 census tracts for opportunity-zone program

OPPORTUNITY ZONE: Chris Vitale, community-development coordinator for Bristol, stands on Hope Street, one of the areas recently approved by the Treasury Department as an opportunity zone, which will be marketed to developers as a place for ­investment. / PBN PHOTO/MICHAEL SALERNO
OPPORTUNITY ZONE: Chris Vitale, community-development coordinator for Bristol, stands on Hope Street, one of the areas recently approved by the Treasury Department as an opportunity zone, which will be marketed to developers as a place for ­investment. / PBN PHOTO/MICHAEL SALERNO
In mid-April, R.I. Commerce Corp. identified 25 low-income census tracts across 15 cities and towns in Rhode Island as opportunity zones, including Bristol’s tract 307. The area highlighted, said Chris Vitale, community-development coordinator for Bristol, “encompasses a majority of the downtown, [including] Hope and Thames streets up to the Wood Street neighborhood with the town…

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