VAR formula error

Hi Community,

Sorry for what I am sure is staring me right in the face. I am getting a syntax error with this VAR statement. What am I missing?

VAR OpportunityRecordType_Test_3 = IF ( ( LOOKUPVALUE('Record Type'[Name],'Record Type'[Id],'Opportunity Detail'[RecordTypeId] ) = "New/Expansion", True, False )

Thanks,

Jim