Although 2023 is shaping up to be a positive year after the conference hall largely languished during the pandemic, forecasts beyond this year show worrying signs of weakness on the horizon.
Posted on 07/17/2023 10:57:31 AM PDT by Vendome
The Fish Market, a popular chain of seafood restaurants in California, has announced the closing of its final two locations in the Bay Area — Palo Alto and San Mateo — by September 2023, marking the end of a near-50-year era in the region via the Mercury News. Having successfully navigated through the rough waters of changing market conditions and the COVID-19 pandemic, the closures have come as a blow to seafood lovers who now mourn the end of an iconic dining institution.
(Excerpt) Read more at hoodline.com ...
I ate there once. It was ok. I wouldn’t call it iconic.
The abyss
At what point will the “”smart”” dems running these cities say,crap,we really did need business for tax revenue......
Too bad. I seem to recall some pretty good food there during my Silicon Valley days...forty years ago.
Vendome? When are you moving to civilization?
The death spiral starts slowly, then accelerates.
Thnx to the policies of our Covid overlords, restaurants and many other businesses that supported and relied on businesses in the area they were located are dying for a lack of patrons that frequented their establishments before Covid.
The entire Financial District of San Francisco is probably only at 20%-30% utilization.
Same with Downtown Oakland
I have no idea how they would come back anytime soon.
In fact, a recent article "The San Francisco Standard", an online publication, had this to say:
Although 2023 is shaping up to be a positive year after the conference hall largely languished during the pandemic, forecasts beyond this year show worrying signs of weakness on the horizon.
While tourism officials are expecting robust activity at Moscone Center this year, the forecast looks a lot less rosy in 2024 and beyond, according to projections presented at SF Travel’s marketing summit Tuesday.
Events at Moscone provide much-needed foot traffic to Downtown small businesses, a flood of direct spending from event organizers and a foundation of hotel bookings for the broader hospitality industry. In 2022, for example, convention and event attendee spending reached around $587 million.
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Such glowing reports from the local newscaster and you see this projection that The Moscone Center will not recove their revenue and traffic anytime soon and projections out to the year 2030 show they expect, at best, to have only some 20% of hotel bookings when compared to 2019.
Great job city, county and state leaders.
You have truly saved the planet from greenhouse gas emissions.
Yeah, it actually sucked but, it was iconic for the Peninsula.
I’ve noticed that every flippin’ thing these days is “iconic”...
Was just asked that the other day.
I have so many friends here, even though you are now 4 hours away, I just can’t imagine living anywhere else.
I love the west coast.
The desert, not so much
I’ve always enjoyed The Fish Market. Been eating at their Palo Alto location since 1978. Not often, but two or three times a year. They’ve always had good, fresh seafood and fish at reasonable prices and well cooked.
There are so many bad things happening: Anchor Steam is out of business and stopped brewing. Now The Fish Market.
Pinging buddy Nick Carraway.
You can get a McFish next door....
Fifty years but they were just leasing?
More commerce succumbing to s#!thole city status.
The COVID Overlords sure screwed up the country, didn't they? I expected we'd bounce back from COVID and things would be back to normal very quickly. Based on what I've seen happening and the death spirals initiated all over the place, this overhang could last 20 years or more.
The declining budgets in cities mean less policing which will further embolden the criminals and those deciding to take their own reparations while the getting is good.
If the reparations scam gets traction, the death spirals will accelerate as will the exodus of people from blue states. Cities that are finding there's no money to pay reparations (which, in the end, will be ALL cities) are enacting real estate transfer taxes to pay. This means that, when you decide to leave your BLUE paradise, you will pay money that goes into the reparations pot. The GD government did not repeal the Obamacare 3.8% tax on your real estate transactions, so selling your house means you are already paying the "underserved and oppressed peoples'" health care.
The nation is so f&$ked.
Christopher Rufo has been writing some outstanding essays on this mess lately. Here's his latest: "Radicalism Reborn."
I've yet to see anybody come up with a credible plan to undo the 50-70 years of destruction wrought by leftists.
LOL...yep, I’ve stopped next door quite a few times, but go for the beef.
Agreed. Went to the Santa Clara/ Sunnyvale border one a couple of times before I escaped to Free Placer County. No big shakes
Side note, you think today Libs can Hunt and fish? Going to get interesting folks...
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