OPPORTUNITY ZONES

WHAT ARE OPPORTUNITY ZONES?

Investing in Road Adventures Resorts has amazing benefits that come along with it offered by the city of Columbus:

 

1. A temporary tax deferral for capital gains reinvested in an Opportunity Fund.

2. A step-up in basis for capital gains reinvested in an Opportunity Fund:

*10% basis increase if the investment is held for at least 5 years and 15% if held for at least 7 years.

3. A permanent exclusion from taxable income of capital gains from the sale or exchange of a qualified fund investment if it is held for at least 10 years.

To learn more about Opportunity Zones and what they can offer you as an investor, please continue reading below or contact us directly by clicking below:

ROAD ADVENTURES RESORT OPPORTUNITY ZONE

FRANKLIN COUNTY, OHIO

Detailed description of project: 

Shovel Ready Upscale RV Resort for Columbus Ohio Chris Haydocy, President of Haydocy Airstream & RV (https://www.haydocyairstream.com/), Road Adventures of Columbus https://roadadventures.com/ , and Haydocy Buick GMC http://www.haydocybuickgmccolumbus.com/ , is pleased to announce the planned construction and operation of Road Adventures Resort located in Franklin County Zone: 39049008210 Road Adventures Resorts (RA Resorts, LLC) has reached an agreement in principal with Hollywood Casino of Columbus and Gaming and Leisure Properties, Inc. (“GLPI”) for the purchase of approximately 20 acres of Hollywood Casino’s excess land for the development of the first Road Adventures “5 Star” RV Hospitality Resort. Road Adventures Resorts will feature 135 upscale sites with an urban Community Lodge, Fitness Center, and Salt Water Lagoon with lounge. Shuttle service will also be provided to and from Columbus Hollywood Casino. In addition, Road Adventures Resorts is located near the Ohio to Erie Trail, and will provide easy access and bike rental for cyclists. Road Adventures Resorts combines the flexibility of many different RV hospitality needs with specific destination experiences, including the Columbus Hollywood Casino, major Columbus sporting and festival events, and access to the Ohio to Erie bike trail, with Haydocy Airstream & RV providing an abundance of Sales and Service to meet the experience-based traveler’s needs. “The location of Road Adventures Resort at the Hollywood Casino is also very strategic as it is located at the intersection I-270 and I-70 and will also serve to meet the many RV Hospitality needs of the central Ohio area.”Road Adventures Resorts plans to begin construction in fall 2019 with an opening in summer 2020, Partial funding to Road Adventures Resorts is expected to be provided through the “Enterprise 360 Opportunity Zone Fund ” initiative. Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in specific census zones nationwide. https://www.columbusunderground.com/developer-hopes-new-rv-park-draws-casino-fans-as-well-as-cyclists-bw1 https://www.dispatch.com/news/20190324/some-federal-opportunity-zones-attract-investors-who-might-have-come-anyway 

Description of discussion with community, if any, and other support for project: 

Road Adventure Resort of Columbus zoning and building plans have been approved by City of Columbus.The project has the support of Franklin County Development Department, Hilltop Business Association and Columbus 2020

INVESTMENT/PERFORMANCE DISCLAIMER:

Unless expressly indicated, this message is not an offer to sell or a solicitation of an offer to purchase an interest in any entity or investment vehicle. Any such offer or solicitation will only be made through formal offering materials. 

If this e-mail contains performance information, Gross IRRs are computed based on actual dates of cash outflows (investments by the Fund) and inflows (realizations received by the Fund), and the fair market value of unrealized investments as of the last day of the relevant quarterly period. Net IRRs are calculated for Limited Partners as a whole and exclude data for General Partners, Affiliated Limited Partners and employee co-investment vehicles. Net IRRs are net of all fees and profit allocations (carried interest) to General Partners and were computed based on the funding dates for drawdowns, the dates distributions to Limited Partners were made, and net assets as of the last day of the relevant quarterly period. Net IRRs calculated on an individual Limited Partner basis may yield results that vary from those stated above for various reasons including certain Limited Partners electing to invest in certain portfolio companies through blocker corporations. Past performance is not indicative or a guarantee of future performance.

RA Resorts LLC does not provide legal, accounting or tax advice. Any statement regarding such matters is explanatory and may not be relied upon as definitive advice. All investors are advised to consult with their legal, accounting and tax advisers regarding any potential investment. The information and any opinions contained in this e-mail communication have been obtained from sources that we consider reliable, but we do not represent such information and opinions are accurate or complete, and thus should not be relied upon as such.


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