30 Month Improvement and 3 year Vacancy Improvement Into Opportunity Zone
Hey Everyone,

Just had 2 questions on Opportunity Zone.

" A49.  Property is substantially improved if, during any 30-month period beginning after the property is acquired, additions to the basis of the property exceed an amount equal to the adjusted basis at the start of the 30-month period. "

\-Does this mean that the improvements have to be made by 30 months or we have to have entitlements by 30 months? Entitlements can take 24-30 months fairly easily. What stage do we have to be at to qualify? 

My other question is does the property have to be vacant for 3 years to qualify to be an opportunity zone?

Thanks
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