Owners of the ‘Revival Reno’ project are seeking a significant amount of capital funding for their ongoing project in the heart of downtown.
Charlotte-based Madison Capital Group launched a qualified opportunity fund (QOF), seeking $36.2 million. QOFs are investment vehicles that generate capital for so-called opportunity zones, or distressed areas designated by state and federal governments.
The fund has a minimum investment of $50,000, providing potential tax advantages down the line to those who invest…