Posted on 05/09/2023 5:31:42 PM PDT by grundle
Another major retailer is closing its doors in San Francisco, citing a drop in foot traffic and the rise in crime.
T-Mobile is the latest company to decide that it’s not worth it to keep their store open in the crime-ridden city.
This follows the closure of other stores such as Whole Foods and Office Depot.
(Excerpt) Read more at thegatewaypundit.com ...
Let’s hope the ALL pull out of that hellhole!
Sad, but the democRATS are ruining these cities...across our Country!
Do we have any FReepers “on the ground” in San Francisco?
I’d be curious to know their thoughts on the current state of places like Market Street, Maiden Lane, Union Square.
A couple of FReepers gave me good information about Fisherman’s Wharf a couple of days ago. It sounds like it’s not quite as bustling with tourists or as thriving as it used to be, but it’s still functional, although a bit less safe than earlier days.
It’s good to know Scoma’s is still there. I seriously doubt I’ll ever go there again, but nice to know it’s still there.
Empty storefronts now have an added cost
Vacancy Tax
The longer that a taxable property sits unused, the higher the tax. Liable owners and lessees will owe $250 per linear foot of frontage for the first year of vacancy, $500 per linear foot following two years of vacancy, and $1,000 per linear foot after three or more consecutive years of vacancy.
https://www.downeybrand.com/publications/san-franciscos-storefront-vacancy-tax-is-now-in-effect/
It’s more important for the morons to pay reparations instead of having safety in San Francisco.
I read SF has a law that if a commercial property is vacant for 182 or more days in a year then there is a tax because it’s vacant.
Who pays the tax?
The owner of the building
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