Four of the 99 Opportunity Zone 2.0 nominations Gov. Bob Ferguson sent to Treasury on October 8 are in Thurston County, per Washington Commerce's nomination dashboard: tracts 105.10, 105.20, 108.01 and 112. As reported by The JOLT (October 20, 2026) and Capitol Record (October 23), they cover Olympia's Capital Mall area, Harrison Avenue Northwest in Olympia, central Tumwater including City Hall, and Lacey's Midtown District. Only the Lacey tract is an existing 2018 zone, per the CDFI Fund list. Three other eligible Thurston tracts, per the Rev. Proc. 2026-14 appendix, were not nominated. Treasury has not certified any OZ 2.0 list; certified zones take effect January 1, 2027.
The four tracts. Four of the 99 Opportunity Zone 2.0 nominations Gov. Bob Ferguson submitted to Treasury on October 8 are in Thurston County: tract 105.10, tract 105.20, tract 108.01 and tract 112. They are on the Commerce nomination dashboard and in our Thurston County tract list. The JOLT (October 20, 2026) and Capitol Record (October 23, 2026) credit tract-level data to the Opportunity Zone Invest Research Team, which is us, so we take the tract numbers and list status from Commerce, the CDFI Fund and the IRS files rather than from those reports. As reported by the two outlets, tract 105.10 includes the Capital Mall area in Olympia; tract 105.20 follows the Harrison Avenue Northwest corridor in Olympia, with a small portion in Tumwater; tract 108.01 includes Tumwater City Hall on Israel Road Southwest and the Port of Olympia airport office; and tract 112 includes Lacey’s Midtown District and the Sleater-Kinney Road and Martin Way corridor.
Olympia. The City of Olympia’s Capital Mall Triangle page says the City Council adopted the subarea plan on July 16, 2024, and approved a planned action ordinance on June 3, 2025 that also changed city code on building heights, affordable housing, design guidelines and parking. The city expects the area to remain a regional destination for shopping and services while seeing “significantly more housing development than exists there today.” The JOLT puts the subarea at about 288 acres. The city page we reviewed does not mention the Opportunity Zone nomination, and we did not find a separate Olympia statement on it.
Tumwater. A City of Tumwater council memo dated April 21, 2026 recommended Resolution R2026-006, supporting the city’s Opportunity Zone application to the Washington State Department of Commerce. The memo says the city was preparing the application with regional partners including the Port of Olympia, the cities of Lacey and Olympia, and Thurston County, and ties it to a 2026–2032 strategic plan action: “Leverage brownfield revitalization opportunities.” The JOLT reports that, if certified, tract 108.01 would be Tumwater’s first Opportunity Zone.
Lacey. In a City of Lacey release, the city says the governor selected it as one of 99 Washington communities nominated. Community & Economic Development Director Vanessa Dolbee called the nomination “an exciting opportunity to build on Lacey’s vision for a vibrant Midtown District.” The city adds that the nomination “does not guarantee funding” and is meant to help attract private investment. Tract 112 is the only one of the four that is also an existing Opportunity Zone: it is on the CDFI Fund’s 2018 zone list.
Three eligible tracts were not nominated. The Rev. Proc. 2026-14 appendix lists seven Thurston County tracts as eligible for nomination, all non-rural: the four above plus tract 108.02, tract 116.25 and tract 122.23. As reported by The JOLT, they are in Tumwater, south Lacey and near Providence St. Peter Hospital. They are not on Washington’s nomination list.
The existing zones. Thurston County has four OZ 1.0 tracts on the CDFI Fund list: 101, 112, 123.20 and 127.20. Only tract 112 is on the nominated list; the other three do not appear among the seven eligible tracts in the Rev. Proc. 2026-14 appendix. Commerce says the OZ 1.0 zones “remain active through Dec. 31, 2028,” overlapping with the start of the new program, and that certified OZ 2.0 areas would keep their status through December 31, 2036 (see the Commerce release, October 8, 2026).
What happens next. These are nominations, not certified Opportunity Zones. As of October 24, 2026, Treasury’s Opportunity Zone data page lists the tracts eligible for nomination and no certified list for Washington or any other state. Under Rev. Proc. 2026-14, Treasury’s 30-day consideration period for nominations made during the determination period ends November 27, 2026 at the latest (section 2.02(f)). A State CEO may request and receive a 30-day extension, which would move that date to December 28, 2026 at the latest (how certification works). Certified zones take effect January 1, 2027. Other Washington places have named their areas too: Spokane, Federal Way and Renton–Tukwila and Kent. Washington’s full status is on the Washington zone page, and every state is on the nomination tracker.
Correction. October 24, 2026: an earlier version of this story listed tract 101 as “1” among the OZ 1.0 tracts, and stated Treasury’s November 27 date without the extension to December 28 that Rev. Proc. 2026-14 allows. Both are fixed above.
Original reporting by Sarah Whitfield for Opportunity Zone Invest, an independent OZ 2.0 research site. Facts are drawn from the primary sources cited above per our editorial standards. Nothing here is tax, legal, or investment advice.
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