MBEST News


MBEST logoMBEST Entitlements

UC Santa Cruz and the city of Marina are collaborating to entitle the central north campus of the MBEST Center and the adjacent Marina Airport Business Park. Entitlements will include a specific plan and a subdivision map. The MBEST Center already benefits from an endangered species take permit issued from the California Department of Fish and Wildlife.

 MBEST Properties and the Federal Opportunity Zone Program

The Central North Campus (70 acres), the West Campus (48 acres) and the 8th Street Parcel (48 acres) of MBEST lands are all within “opportunity zones” created by recent federal tax legislation.  Investing in these zones through development allows significant capital gains tax advantages.  For more information on this potential tax benefit, see the IRS FAQ site.