City of Pittsburg Opportunity Zone Investment Prospectus

Established under the Tax Cuts and Jobs Act of 2017, Opportunity Zones are a federal economic development tool designed to incentivize long-term investment in designated communities. In 2025, the program was modernized and made permanent through updated federal legislation, strengthening its role as a key driver of private investment nationwide.

Through Qualified Opportunity Funds, investors may defer and reduce federal taxes on capital gains while supporting transformative development. As the program has evolved, Opportunity Zones have become an increasingly important and widely utilized investment strategy across the country.

The State of California actively supports Opportunity Zone investment to advance priorities such as environmental justice, sustainability, climate resilience, and housing production. In alignment with these goals, the City of Pittsburg focuses on building a strong pipeline of investable projects while engaging the community to ensure equitable and impactful growth.

Pittsburg is home to approximately 1,700 acres of Opportunity Zones, with nearly half located within the Railroad Avenue Specific Plan Area. This area is planned for higher-density, transit-oriented development centered around the new BART station and Civic Center, and has already begun attracting significant private investment.

Current Opportunity Zone designations remain in effect through December 31, 2026. Updated federal designations will take effect on January 1, 2027, as part of the program’s next phase.