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But the challenge is that SF finances are built on the assumption of a lot of office workers and a growing tax base. And if you upend either of these assumption
by mrDmrTmrJ 5y ago
But the challenge is that SF finances are built on the assumption of a lot of office workers and a growing tax base. And if you upend either of these assumptions, then managing the city (with a lot of present challenges) becomes a lot harder.
- aurizon 5y agoYes, New York City is also begging corporate heads to force people to start to commute again. Once large numbers of people as well as offices have witnessed the savings and happiness that ensue from remote work they will balk. Many offices have already exited and signed cheaper leases at new digs, others have had lease terms renegotiated on a smaller footprint(often with a termination payment demanded) - the landlords have a weakened hand. Others just moved to new cheaper spaces when obdurate landlords blinked - and they were gone.
- iancmceachern 5y agoAgreed, but this problem is not unique to SF as compared to other major cities like NYC, etc. Therefore it shouldn't be a decoding factor in where to live, because it exists in each option.
- bombcar 5y agoThis provides a perverse incentive for cities like SF to not work to allow efficient high-speed rail commutes into them, as it would harm their tax base ... Annoying.