Daily Business Report: Sept. 2, 2021
Gov. Newsom signs legislation bolstering
landmark college athletes bill
There’s a lot of money in sports — and starting this week, college student athletes can profit from their name, image and likeness, thanks a bill Gov. Gavin Newsom signed
that moved up the original January 2023 implementation date.
Meanwhile, California’s November 2022 ballot could contain not one, not two, but three ballot measures related to sports betting — one that would legalize online sports betting and divide the profits between homelessness and mental health efforts and Native American tribes, another that would legalize in-person sports betting only at tribal casinos and race tracks, and another that would also permit non-tribal card rooms to offer in-person sports betting.
Let the games begin.
For a full text of the bill, visit http://leginfo.legislature.ca.gov
TOP Photo: iStock
County helping to create almost 1,400
affordable housing units across the region
The County of San Diego is helping create almost 1,400 affordable housing units in 20 developments across 15 communities in the region.
The figure was announced during an update Tuesday to the Board of Supervisors on the results of the Innovative Trust Fund, established by the County in 2017.
The Innovative Housing Trust Fund invested $50 million to build affordable housing units in the region. Those funds helped the County and its partners to leverage $567 million in other public and private funds to create and preserve 1,397 permanent affordable housing units throughout the county.
Over the 99-year affordability period, the units created will serve an estimated 18,000 low-income families, older adults, veterans, developmentally disabled, people who are homeless and homeless with serious mental illness.
Five of the 20 developments funded by the trust fund have opened over the past few years in the cities San Diego, Poway and Vista, and generated 368 affordable housing units.
There are currently 10 developments under construction, and they are slated to be finished between Dec. 2021 and Jan. 2024. Five others are going through the financing process.
Brewers Candace L. Moon of San Diego and
Chris Jacobs of Las Vegas win top Craft Beer award
As voted by their industry peers, Candace L. Moon, partner at the Craft Beer Attorney based in San Diego, and Chris Jacobs, owner of Beer Zombies Brewery in Las Vegas, were chosen as the 2021 “Industry People of the Year” by the Craft Beer Marketing Awards (CBMAS).
“We’re proud of the work that Candice and Chris have achieved in the craft brewing industry, and excited to see more than 300 of their peers provide recognition in the form of voting them in as this year’s award recipients,” said Jim McCune, co-founder of the CBMAS.
Since 2009, Candace L. Moon, Esq. has actively served over 450 craft beer breweries (which include breweries-in-planning) across the nation. She discovered the need for specialized craft beer counsel while working as a bartender at world-famous Hamilton’s while attending law school in San Diego. Through her conversations with brewers, she identified that there were no attorneys catering to this legally complicated industry. As a result, Candace formed The Craft Beer Attorney, APC.
Chris Jacobs is a craft beer ambassador and creator of the Beer Zombies brand. Beer Zombies has evolved to include a merchandise line, draft rooms, bottle shops spread across three states, and a worldwide distributed brewing company.
Supervisors vote 3-2 to declare COVID
misinformation a county health crisis
By City News Service
A divided San Diego County Board of Supervisors voted Tuesday night to adopt what is believed to be a first-in-the-nation policy of declaring COVID-19 misinformation a public health crisis and adopt a series of recommendations to actively combat it.
“Combating health misinformation needs to start on the ground, in counties and cities across our nation,” said Board Chairman Nathan Fletcher, who authored the policy. “San Diego County took the first step by becoming the first local jurisdiction in the country to align its policies with the U.S. surgeon general’s recommendations to fight health misinformation. Health misinformation is a national crisis and it requires all of us to fight against it together.”
Tuesday night’s vote was 3-2, with Republican Supervisors Jim Desmond and Joel Anderson voting no. The final result came after hours of debate featuring testimony from hundreds of residents, many who opposed the measure. Fletcher characterized them as “mostly right-wing, anti-vaxxers.”
Supervisor Nathan Fletcher talks with healthcare workers at the vaccination super station at Cal State San Marcos in January. Photo via @NathanFletcher Twitter
52-unit Sunset Cliffs Apartments in Vista
sells for $13.6 million to Orange County investor
The Sunset Cliffs Apartments, a 52-unit, gated apartment community in Vista, has been acquired for $13.6 million by Orange County-based Dunbar Residential Investments LLC.
The 11-building development consists of a mix of single-story cottage and two-story townhome-style units. The seller was Appian Lane Associates LP.
Located at 180-200 Terrace Drive and originally built in 1987, Sunset Cliffs Apartments sits on a large lot totaling 4.06 acres in a private gated setting. The community consists of 28 one-bed/one-bath cottage style units, 23 one-bed/one-bath two story townhouse style units, and a one-bed/one-bath cottage style unit with an attached office.
Mark Bridge and Jon Mitchell with Cushman & Wakefield’s Multifamily Advisory Group in Orange County represented both buyer and seller in the transaction.
San Diego County to join Community Choice energy program
Residents in the unincorporated areas of the County will soon have a choice when it comes to buying electricity. The County Board of Supervisors voted Tuesday to authorize the county to join a community choice energy program (CCE) called San Diego Community Power. The CCE launched in March and includes the cities of Chula Vista, Encinitas, Imperial Beach, La Mesa and San Diego.
The county will become part of a joint powers authority which governs the CCE. Supervisor Terra Lawson-Remer will represent the county and become a director on the JPA’s board of directors. Supervisor Nora Vargas will act as alternate director.
Community choice allows cities and counties to buy electricity, including renewable energy like solar and wind for residents and businesses. CCEs offer customers in the county’s unincorporated areas an alternative to buying power from San Diego Gas and Electric. SDG&E would still provide transmission and delivery services, as well as billing.
SDG&E continues support for teachers
with matching funds for STEM projects
San Diego Gas & Electric is providing $250,000 in shareholder funds as matching dollars to help teachers supplement classroom education with science, technology, engineering and mathematics (STEM) projects.
This is the fourth year that SDG&E is partnering with DonorsChoose, an education nonprofit that empowers public school educators to post their projects and raise donations to fund them.
“Our region has faced and overcome several challenges over the course of the pandemic, which have made distance learning difficult for our children. It’s more important than ever to continue to support teachers as they transition back into the classroom environment,” said Caroline Winn, SDG&E’s chief executive officer. “SDG&E is proud to help provide these influential teachers with the extra resources they need to develop projects and hands-on activities to inspire children to be the scientists, engineers and innovators of the future.”
San Diego State University again named
a Best College by The Princeton Review
San Diego State University was again named one of the nation’s top colleges in an annual guidebook published by The Princeton Review and based on surveys of students attending the universities. The 2022 edition, “The Best 387 Colleges,” gives SDSU high scores for quality of life and as a green college, and also recognizes SDSU as No. 38 in a previously announced list of “Best Value” colleges.
The Princeton Review, a New York City-based college admissions services, test preparation and tutoring company, has featured SDSU in its best colleges guidebook since at least 2018. Student surveys submitted from SDSU praised professors who are “dedicated and eager to teach,” and “bring life to every lecture.”
