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Re:Westfield Walks Away from Downtown San Francisco Mall Pro... by dougSF70 on Tuesday June 13, 2023 @11:08AM (#36311351)
The lenders need to revalue the properties so as to lower rents. This could bring an influx of independent stores in. However, downgrading of commercial real estate does have broader ramifications
Re:Westfield Walks Away from Downtown San Francisco Mall Pro... by duncan_idaho on Tuesday June 13, 2023 @11:21AM (#36311564)
The degentrification going on will lower the prices sooner than later.
Re:Westfield Walks Away from Downtown San Francisco Mall Pro... by onlyrealcuzzo on Tuesday June 13, 2023 @11:25AM (#36311649)
Which will lower tax revenues... Which will lower government services... And SF government services are already abysmal.