Re:San Francisco braces for commercial real estate crash
by llsf on Tuesday September 06, 2022 @02:44PM
(#32741356)
I guess we got the elected we voted for. Now unfortunately, we did not have much choice.
Nonetheless they are supposed to plan for this city. They should recognize that NIMBism is not sustainable.
The BoS needs to act swiftly and help convert most of the commercial into residential units. This could help mitigate the issue. If Wework started to not pay its property tax, maybe converting those square feet in residential condos would at least bring some property tax money.
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