‘San Francisco downtown as we know it is not coming back,’ mayor proclaims

Breed’s remarks come after a recent study revealed that downtown San Francisco has sustained the weakest recovery from the coronavirus pandemic among major United States cities, reaching only 31% of its fall 2019 activity.

Breed has previously cited the lack of workers returning to the office as one of the leading causes of the city’s slow recovery. Forty-six percent of the city’s employees worked remotely in 2021, an enormous jump compared to just 7% in 2019, according to the United States Bureau American Community Survey.

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In response to the city’s struggling downtown, Breed said she plans to introduce legislation that would modify the city’s tax structure to make San Francisco businesses more competitive. The plan would include pauses in tax increases for existing businesses,and three-year tax breaks for companies looking to open in the area.

www.sfgate.com/bayarea/article/sf-downtown-not-coming-back-17775329.php

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