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Extraction Summary
2
People
3
Organizations
4
Locations
1
Events
1
Relationships
2
Quotes
Document Information
Type:
News article / house oversight committee document
File Size:
Summary
This document appears to be a page from a news article (likely Bloomberg) included in a House Oversight Committee file. It discusses the implementation of tax incentives (likely Opportunity Zones) in Boulder, Colorado, and a subsequent 18-month development moratorium imposed by local officials. Council member Bob Yates is quoted discussing the balance between development, affordable housing, and the town's socioeconomic divide. While part of a larger investigative file (potentially related to tax incentive abuse), this specific page does not mention Jeffrey Epstein.
People (2)
| Name | Role | Context |
|---|---|---|
| Bob Yates | Council member / Former telecom executive |
Quoted regarding development moratoriums and housing issues in Boulder.
|
| Rachel Woolf | Photographer |
Credited for the photograph of Diagonal Plaza.
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| Bloomberg |
Media organization credited for the photograph.
|
|
| Republican Congress |
Mentioned as the body that enacted the tax incentive idea.
|
|
| Sai Eyebrow Designer |
Business visible in the photograph.
|
Timeline (1 events)
N/A
Officials in Boulder imposed an 18-month moratorium on development in a census tract earmarked for tax incentives.
Boulder, Colorado
Local officials
Relationships (1)
identified as 'Bob Yates, a council member'
Key Quotes (2)
"“People think we have too much” development... “We’re not Detroit.”"Source
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Quote #1
"“Boulder’s teachers can’t live in Boulder,” he said. “It’s not a healthy thing to have socioeconomic divide where lower-income people have to live outside of town to serve higher-income people in town.”"Source
HOUSE_OVERSIGHT_016418.jpg
Quote #2
Full Extracted Text
Complete text extracted from the document (1,455 characters)
zone. Officials in the Colorado town imposed an 18-month moratorium on almost all development in its only census tract earmarked for the incentives.
The move highlights how local officials have the power to respond to criticisms of the law—in this case, that investors may rush to build projects the community doesn’t want. Boulder has long been a favorite spot for growing companies because people want to live there, thanks to its college-town vibe and quick access to nature.
“People think we have too much” development, said Bob Yates, a council member. “We’re not Detroit.”
The move highlights how local officials have the power to respond to criticisms of the law—in this case, that investors may rush to build projects the community doesn’t want. Boulder has long been a favorite spot for growing companies because people want to live there, thanks to its college-town vibe and quick access to nature.
“People think we have too much” development, said Bob Yates, a council member. “We’re not Detroit.”
[Sign in image: Sai Eyebrow Designer]
An eyebrow salon is surrounded by empty stores at Diagonal Plaza in Boulder.
Photographer: Rachel Woolf/Bloomberg
Though Yates, a former telecom executive, opposed the moratorium and worries it will make things difficult for businesses in the zone, he understands why people in Boulder, a liberal enclave, were skeptical of an idea enacted by a Republican Congress. He just wishes his city would take a more measured approach.
The zone includes an aging mall called Diagonal Plaza. The tax incentives could have spurred investors to redevelop it to include affordable housing, which is sorely needed, he said.
“Boulder’s teachers can’t live in Boulder,” he said. “It’s not a healthy thing to have socioeconomic divide where lower-income people have to live outside of town to serve higher-income people in town.”
Photographer: Rachel Woolf/Bloomberg
Though Yates, a former telecom executive, opposed the moratorium and worries it will make things difficult for businesses in the zone, he understands why people in Boulder, a liberal enclave, were skeptical of an idea enacted by a Republican Congress. He just wishes his city would take a more measured approach.
The zone includes an aging mall called Diagonal Plaza. The tax incentives could have spurred investors to redevelop it to include affordable housing, which is sorely needed, he said.
“Boulder’s teachers can’t live in Boulder,” he said. “It’s not a healthy thing to have socioeconomic divide where lower-income people have to live outside of town to serve higher-income people in town.”
HOUSE_OVERSIGHT_016418
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