AURORA, INDIANA OPPORTUNITY ZONE
Historic Riverfront. Cincinnati-Region Access. Rural OZ Advantages.
Pay your capital gains tax to Washington. Or invest your money in Aurora, Indiana instead.
You get to choose!
Aurora, Indiana is a historic Ohio River city with new momentum. More than $75 million in recent and ongoing public and private investment is setting the stage for new housing, downtown redevelopment, business growth and riverfront activity.
Now, Opportunity Zone 2.0 creates another reason for you to invest in what’s next.
The Closest Indiana Rural Opportunity Zone to the Cincinnati Metro
Census Tract 18029080500 encompasses much of Aurora and is Dearborn County’s only Opportunity Zone.
Its location offers an unusual combination: the advantages of a Rural Opportunity Zone within the Cincinnati tri-state economy.
Aurora is connected to Greater Cincinnati by U.S. 50 and nearby I-275 while offering a historic downtown, Ohio River frontage, industrial and flex space, infill sites, trails and redevelopment opportunities.
Interactive OZ Map
Rural OZ
closest Indiana OZ with enhanced rural designation to the Cincinnati metro
29 miles
to downtown Cincinnati, OH
77,000
residents within a 30 minute drive
$75.5M+
investment momentum
Find Your Opportunity
Aurora already has projects, properties and locally supported development opportunities where Opportunity Zone capital can help turn plans into investment.
Build Where There’s Demand
11 City-Controlled Infill Lots
Aurora Redevelopment Commission controls 11 infill sites suitable for homes, duplexes or small-scale residential development.
Hospitality. Dining. Recreation.
Boutique lodging, restaurants, retail, boating services, recreation and visitor-oriented businesses.
A local hotel study found a boutique lodging concept supportable, while new docks, trails, new boat marina investment, and Ohio River Way National Water Trail designation are strengthening the visitor market.
Large Scale Adaptive Reuse
That existing industrial ecosystem makes the Aurora Opportunity Zone attractive not only for real estate investment, but also for operating businesses, expansions and entrepreneurial ventures.
Rural OZ.
Bigger Advantage
Aurora’s rural designation provides enhanced federal benefits for qualifying Opportunity Zone investments. You should visit IRS.gov for full Opportunity Zone information, but we’ve found Home Field Advantage and OpportunityZones.com have good overviews.
Opportunity Zone eligibility and tax treatment depend on individual circumstances and federal requirements. Investors should consult qualified tax and legal advisors.
30% Rural Basis Step-Up
Qualifying rural OZ investments can receive an enhanced basis step-up after five years.
10+ Years Long-Term Investment
Qualifying long-term investments can receive favorable federal tax treatment on appreciation.
50% Rural Improvement Threshold
A lower substantial-improvement threshold can make rehabilitation and adaptive reuse more feasible.
OZ Is Only Part of the Opportunity.
Your project. Multiple tools.
Aurora’s Opportunity Zone significantly overlaps other project financial and incentive tools. Learn more about each of these tools and how they can work together here.
Let Us Help You Get Started
One Dearborn and our partners can help investors evaluate the right combination of local, regional, state and federal tools to move viable projects forward. Contact One Dearborn’s staff today to get started!