A 'mind boggling' tax break was meant to help the poor. But trendy areas are winning too

CNN Business


By Lydia DePillis

June 14, 2019

A plywood fence hides what remains of a small daycare center, coffee shop and auto body place that were demolished last month at 6th and Hobart Street in Koreatown, one of Los Angeles' fastest-developing neighborhoods.

It's a few blocks from the sleek Line hotel and just off busy Wilshire Boulevard, a strip dotted with luxury apartment complexes and construction work on a new subway line. The site is slated to become a Hyatt Centric hotel — and if all goes according to plan, it will also save its investors a tidy sum because of a massive new tax incentive program born from President Donald Trump's Tax Cuts and Jobs Act a year and a half ago.

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Can This Man Keep the A’s in Oakland?

New York Times

Dave Kaval, the president of the Oakland Athletics since 2016, at the Coliseum on opening day this year. (Credit: Cayce Clifford for The New York Times)

Dave Kaval, the president of the Oakland Athletics since 2016, at the Coliseum on opening day this year. (Credit: Cayce Clifford for The New York Times)

By Kurt Streeter

May 24, 2019

“Dave! Dave! Dave!” the women shouted, eyes wide with surprise. They were high in the stands at the Coliseum when they came upon Dave Kaval, president of the Oakland Athletics, who was mountaineering up, step by step, from field level to the nosebleeds.

“We’re behind you, Dave, 100 percent!” someone yelled from the seats.

Below, the A’s were battling the Los Angeles Angels, but Kaval was missing most of it. Instead, wearing a gray suit and a green tie, he was greeting fans, one by one, in his tired, dog-eared stadium. He was like a political candidate on a hot streak. Some fans shrieked when they saw him. Others stood, dumbstruck. He gushed over babies, posed for photos and heard stories about the Athletics’ glorious past.

He shared tales of his own, about how he had grown up in Cleveland, a die-hard devotee of the 1980s Browns, and how devastated he felt when the Browns decamped for Baltimore in the ’90s. He wasn’t going to let that happen in Oakland.

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Green Sports Alliance Joins in Supporting the UN Sports for Climate Action Framework

Today the Green Sports Alliance (Alliance) launched “Playing for the Next Generation”, part of a campaign designed to encourage its members and partners to commit to the United Nation’s (UN) Sports for Climate Action Framework.

MLS to expand to 30 teams; St. Louis, Sacramento to make formal bids

LOS ANGELES -- MLS intends to expand to 30 teams, with teams 28 and 29 requiring an expansion fee of $200 million, commissioner Don Garber announced Thursday following a Board of Governors meeting.

Garber said the board had authorized his office to advance into exclusive discussions with St. Louis and Sacramento with an eye toward those two cities being the 28th and 29th teams.

CalOZ Attends White House OZ Conference

On April 17, CalOZ attended the White House Opportunity Zone Conference & Breakout Sessions with State, Local, Tribal, & Community Leaders. The event coincided with the release of the second round of IRS regulatory guidance regarding OZ fund investments. CalOZ President Kunal Merchant pressed Treasury Security Stephen Mnuchin for details regarding OZ fund metrics and reporting - a critical component to ensuring investments fulfill their intended community purposes.