Forney EDC Says New Opportunity Zone Includes Part of Downtown Starting in 2027
An EDC announcement says part of south Forney, including 118 and 120 Main Street, will enter a Qualified Opportunity Zone Jan. 1. Here is what that does and does not announce.
Representative construction-crane photo, not a Forney worksite or an announced local project. Photo: Griffin Wooldridge / Unsplash. Free under the Unsplash License.
FORNEY, Texas - Part of south Forney, including a portion of Historic Downtown, has received a new Qualified Opportunity Zone designation effective Jan. 1, 2027, according to a Nov. 11 announcement from the Forney Economic Development Corporation.
The EDC says the U.S. Department of the Treasury designated the area following an EDC nomination through Texas' selection process. The local announcement says the designation will remain in effect through 2036.
A Nov. 5 Treasury announcement confirms the new national designations take effect Jan. 1, 2027, and last ten years. The specific south Forney properties described here are identified by the local EDC, not independently parcel-checked by the Chronicle.
Why 118 and 120 Main Street are mentioned
The EDC identifies 118 and 120 Main Street among properties in the designated area with redevelopment potential. It presents the zone as another way to attract private investment and support downtown redevelopment.
Being named in the announcement does not identify a buyer, tenant, construction schedule or approved redevelopment project for either property. The announcement does not provide those details.
What this means for residents and business owners
Opportunity Zones are an investment incentive, not a newly announced city project. As the EDC explains it, the program offers federal tax incentives to qualifying investors who reinvest capital gains into eligible projects and businesses.
For residents, the immediate news is the area's investment designation and its stated start date. It is not an announcement that a new shop is opening, that construction is starting or that every downtown property qualifies. Those would require their own details and confirmation.
Property owners and prospective investors should check the mapped boundary rather than assuming a Forney address is included. The EDC links to the Texas Economic Development & Tourism Office's Opportunity Zones 2.0 map. The map describes tracts nominated by Gov. Greg Abbott and submitted to Treasury on Sept. 4, 2026; the later designation and effective dates reported here come from the EDC's Nov. 11 announcement.
This story reports the local announcement, not a parcel-by-parcel eligibility review or tax advice. A designation alone does not establish that a particular investment qualifies for a benefit.
