Posted on 07/17/2023 5:58:23 AM PDT by george76
San Francisco-based companies leaving The Golden City because of drop in revenue
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San Francisco, California-based tech CEO Mark Benioff says the city will never go back to the way it was ...
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Golden City is struggling to keep businesses intact, leaving many buildings vacant..
office vacancy rates in San Francisco were 24.8% in the first quarter, more than five times higher than pre-pandemic levels and well above the average rate of 18.5% for the nation’s top cities,
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For San Francisco, the three-year exile resulted in empty storefronts with large "going out of business" signs hanging from windows.
Popular shops like Uniqlo, Nordstrom Rack and Anthropologie have left, toiletries like shampoo and toothpaste are locked up at pharmacies, and places like Gucci get hit by armed robbers in broad daylight.
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cities that relied on tax revenue from those businesses are seeing their income dwindle and could respond by raising taxes and reducing services, which may make conditions worse for the residents who stayed put.
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Benioff’s company is San Francisco’s largest employer and the anchor tenant of the tallest skyscraper in the city.
He recently said downtown is "never going back to the way it was"
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Many businesses that made their mark on the world are being forced to shut down, though.
For example, Anchor Brewing Co., which opened during the California Gold Rush 127 years ago, announced last week it was shutting down due to a "combination of challenging economic factors and declining sales since 2016."
AT&T, Westfield and Nordstrom said last month it would be vacating their locations downtown, and Gap, which opened its flagship store in San Francisco in 1969, closed its flagship and Old Navy stores near Union Square.
(Excerpt) Read more at foxbusiness.com ...
No, because it will never get good leadership.
Not as much tax revenue coming in. Hard to give reparations without businesses paying.
So that means if you go there you don’t have to wear flowers in your hair?
San Francisco and other City States are far beyond the point where leadership can bring about a reversal to where what was.
Do a little Google Maps tour through downtown Johannesburg South Africa and you’ll see the future of SF and the country. Basically beautiful, tall buildings, but with a ground floor street scene that looks right out of Central Africa - with Third World store fronts and garbage-strewn streets.
Liberalism. But it’s funny, some here seem fixated on one, corrupt country that most Americans cannot even find on a map, while American cities continue to crumble on a daily basis - only posting on that subject. I wonder why?
All the need there is a repeat of that big earthquake in 1909.
If it gets bad enough, a Giuliani-type mayor could be elected.
Mark Benihof, you are part of the PROGRESSIVE problem and as a FORCED USER of your crappy SalesForce product, I’m enjoying watching you get what YOU bought and paid for. My heart pumps purple piss for you.
Dear Resident:
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Vote for the better! Vote Republican!
I agree with your post from another thread about City/States being villainous and a big threat to freedom.
Again, why should this concern me? This is exactly what people on the local and state level voted for. They are getting the exact results of the policies the voted for at the ballot box. Why are they now surprised or complaining?
“This is exactly what people on the local and state level voted for.”
“People deserve to get the government they vote for and they should get it good and hard.” H. L. Mencken.
L
Most Americans can’t find America on a map of America.
“Basically beautiful, tall buildings, but with a ground floor street scene that looks right out of Central Africa - with Third World store fronts and garbage-strewn streets.”
Yup—it will probably take another fifty years or so and the high rises will start collapsing due to lack of maintenance.
In a hundred years Johannesburg will look like a nuclear bomb hit it—wreckage strewn everywhere with impassible streets.
That is what the left calls “progress”.
“Most Americans can’t find America on a map of America.”
Nice, and sadly you’re right.
Will those who flee take their SF values with them?
Not so long ago I had a conversation with a nice old man. I told him one of my father’s WWII stories. When I was done he puffed out his chest and said “When I was 17, I volunteered for Hitler’s Army.”
Socialist indoctrination runs deep.
Possibly. The trouble is that it would most likely take far more than one election cycle to fix the city, and the voters would be impatient. Since the city wasn't magically fixed overnight, they'll go back to the old ways.
Some towns are making it.
San Francisco is as bad as it is, because nobody wants to
travel into a literal s-it storm to work.
The businesses there are being destroyed by city sanctioned
looting.
Everyone is fleeing the city, because it is melting down.
Look, I get the COVID-19 effect, but that is not what the
main problem with SF is.
“If it gets bad enough, a Giuliani-type mayor could be elected.”
That is not enough, the House and Senate and White House need to be cleansed of ‘rats and the judiciary geographically restrained.
States might authorized by federal law to allow voters to decide which of several possible federal courts shall serve them.
My choice for the federal judiciary for the Great State of California for the time period of the next Presidential term is (vote for one):
( ) The 9th Circuit
( ) The California Restoration Circuit
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