Facing tax revenue shortfall, San Francisco struggles to make downtown vibrant

France Nouvelles Nouvelles

Facing tax revenue shortfall, San Francisco struggles to make downtown vibrant
France Dernières Nouvelles,France Actualités
  • 📰 KPIXtv
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

San Francisco city leaders say remote work has permanently changed the business landscape and they're looking for ways to increase downtown foot traffic.

SAN FRANCISCO -- Real estate researchers report San Francisco's recovery from the pandemic is among the slowest of major cities in the nation thanks largely to the rise of remote work.Oliver and her six-year-old son Paris moved to the South of Market District from Sacramento five years ago. She has seen the pandemic transformation.

The city is now partnering with different groups to organize events to bring families back to the Financial and South of Market Districts. A real estate report from CBRE shows San Francisco office vacancy rate rose to a record high of almost 30 percent this year due to remote work."It's about bringing people back together and reminding people that San Francisco and our downtown is so much more than only our offices and our work," said Kate Sofis, executive director of the Office of Economic & Workforce Development.

"All of this collectively is really meant to create a future for our downtown that's much more mixed-use, 24/7 as opposed to only about work," Sofis said.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

KPIXtv /  🏆 443. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

San Francisco's Chinatown Business Suffers Two Break-InsSan Francisco's Chinatown Business Suffers Two Break-InsA business in San Francisco’s Chinatown was recently targeted twice by thieves.
Lire la suite »

San Francisco, New York, LA top list of cities Americans are leavingSan Francisco, New York, and LA top the list of cities Americans are flocking away from, according to a report
Lire la suite »

San Francisco Boy Scout Troop Digs Up Nearly Century-Old Time CapsuleSan Francisco Boy Scout Troop Digs Up Nearly Century-Old Time CapsuleBoy Scout Troop 88 unearthed a time capsule Saturday buried at the foot of Mount Davidson Cross back in 1933.
Lire la suite »

St. Stupid's Day Parade: San Francisco Event Returns Following PandemicSt. Stupid's Day Parade: San Francisco Event Returns Following PandemicAfter a three-year absence, the 45th Annual St. Stupid’s Day Parade returned to San Francisco on Saturday to celebrate stupidity and letting go.
Lire la suite »

Historic Mum's Cafe in San Francisco's Japantown closing after 40 yearsHistoric Mum's Cafe in San Francisco's Japantown closing after 40 yearsAfter 40 years in business, the Tam family is calling it quits. The restaurant will close its doors on Sunday at 11 a.m.
Lire la suite »



Render Time: 2025-03-09 03:49:14