Opportunity Zones

Interesting article in the NYT about opportunity zones.

Anyone know the details/pursuing this? Is this better than a 1031 for getting out of rentals with significant capital gains?

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This project in West Oakland claims to be “shovel ready”:

Rare opportunity to buy and build in the heart of West Oakland! Includes approved shovel-ready plans for a beautiful redevelopment of the massive lot into 5 units*, including a restoration of the existing 1890 Victorian gem. Located within an opportunity zone with convenient access to Downtown Oakland, West Oakland BART, the Bay Bridge, and much more including DeFremery Park and a library directly across the street. This home is truly in the middle of everything Oakland has to offer.

*Buyer to verify the status of plans with city.