A San Francisco Chronicle editorial warns readers about the 'doom loop' threatening the city's economy, which stems from the transition to remote work negatively impacting the city's downtown.
San Francisco drug abstinence advocate Ricci Wynne discusses the open-air drug market unraveling in one of the country's largest cities.emphasizing that the city needs to evolve as fast as possible to avoid a ‘doom loop’ from employees transitioning to remote work.
"Experts say post-pandemic woes stemming from office workers staying home instead of commuting into the city could send San Francisco into a 'doom loop' that would gut its tax base, decimate fare-reliant regional transit systems like BART and trap it in an economic death spiral," the editorial warns.
"And so we wasted generous federal COVID emergency funds trying to bludgeon, cajole and pray for office workers to return downtown instead of planning for change," the piece continued. "We’re now staring down the consequences for that lack of vision." In this March 28, 2020, file photo, a small group of people walk in front of the Golden Gate Bridge at Baker Beach in San Francisco.The editorial board suggested investing in office-to-housing conversions and demolishing office buildings for new projects, which would require financial help from the state government.that homebuyers wanted to move away from. 24% of buyers in a Redfin report were looking to leave San Francisco.
Alexandria Real Estate Equities founder and CEO Joel Marcus had told Fox Business in January that redeveloping older office buildings into multifamily homes could solve the housing crisis.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bob Lee, Cash App founder and former Square executive, dead after 'horrific' act of violence: DASAN FRANCISCO — (SAN FRANCISCO) -- Bob Lee, Cash App founder and executive at cryptocurrency firm MobileCoin, is dead after a 'horrific' act in San Francisco on Tuesday, San Francisco District Attorney Brooke Jenkins said on Wednesday.
Read more »
San Francisco 'drag legend' Heklina reportedly found dead in London'Heklina was an icon in the truest sense,' said Calif. state Sen. Scott Wiener, lauding the artist as a 'fiercely outspoken' advocate for LGBTQ rights.
Read more »
Have you visited all these San Francisco landmarks?These spots may even surprise seen-it-all San Francisco natives.
Read more »
This San Francisco cafe turned into a tech worker 'zombieland'Like a scene straight out of HBO’s “Silicon Valley,” Cafe Reveille’s Steiner Street location in the Lower Haight has morphed into a de facto WeWork for venture capitalists, wannabe founders and industry disruptors.
Read more »
Legendary San Francisco drag queen Heklina, 54, found dead in LondonDrag queen Heklina, born Stefan Grygelko, was found dead by a friend Monday morning in London, where the 54-year-old performer was starring in a parody show.
Read more »
San Francisco officials order inspection of high-rise windows in wake wind-storm damageAlarmed by the shattering of high-rise windows during recent wind storms, San Francisco officials ordered the inspection of façades for buildings that 15 stories or taller and built after 1998.
Read more »