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Re:The Owner of San Francisco’s Largest Hotel Is Just Walkin... by refurb on Thursday June 08, 2023 @10:58AM (#36242952)
This is exactly the issue. The city gets handed a goose that lays golden eggs and they completely wasted the opportunity. Then the goose dies and they're left floundering.

The analogy with Detroit is an apt one.

Re:The Owner of San Francisco’s Largest Hotel Is Just Walkin... by rcpt on Thursday June 08, 2023 @11:24AM (#36243438)
Dutch Disease