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.

Kunal Merchant bringing Green Sports to Sacramento, Oakland and Beyond

Kunal Merchant occupies a fascinating perch in the Green-Sports world. A member of the Green Sports Alliance board, the Bay Area-based Merchant has a background in business, politics, and social enterprise. And as co-founder of Lotus Advisory with his sister Monisha, Merchant has guided the sustainability efforts on state-of-the-art green stadium and arena projects, from Sacramento’s Golden1 Center — the first LEED Platinum indoor arena in the world — to the nascent Oakland A’s ballpark project.

Former Kings Executive Launches Opportunity Zone Group

The prospect of opportunity zones has generated excitement over the last year, but some developers, funds and communities aren’t sure how to leverage the new tax incentive program. That’s why Kunal Merchant, a former Sacramento Kings executive and aide to former Mayor Kevin Johnson, says he’s launching CalOZ, a new group dedicated to navigating the complicated framework around opportunity zones.

New State Group to Promote Opportunity Zones

A new California organization has been formed to help investors and developers take advantage of federal Opportunity Zones. CalOZ “will promote competitive, equitable and sustainable Opportunity Zone investments in California.”