Tech CEO predicts San Francisco’s irreversible downfall.
Marc Benioff: San Francisco Downtown Will Never Be the Same
Marc Benioff, CEO of San Francisco-based software company Salesforce, boldly declares that the city’s downtown is ”never going back to the way it was” before the pandemic. According to him, workers will no longer commute every day.
The city needs to “rebalance downtown,” Benioff said, according to the Associated Press. He recommends converting office space into housing and increasing the number of police officers.
Rampant crime and rising homelessness have driven people and businesses out of California cities, with some even leaving the Golden State entirely. San Francisco’s downtown has lost half of its businesses since the start of the pandemic. Major retailers like Old Navy, Nordstrom, Saks OFF 5th, and Whole Foods have closed their downtown locations due to safety concerns.
Over half a million residents have fled California in the two years following the pandemic’s onset, as reported by the New York Post.
San Jose clothier owner Daud Shuja reveals that new customers prefer to live far away from downtown. In response, he plans to open a new location closer to the suburbs in Palo Alto next year.
“They just don’t want to deal with the homelessness, with the environment, with the ambiance,” Shuja said.
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