Dear San Francisco, you’re fucked; wake up and smell the hair gel
This doesn’t happen in a big American city. But it just did.
San Francisco’s struggling downtown has been dealt another blow as Westfield has stopped making mortgage payments on its massive mall due to crime and tanking sales.
The firm has defaulted on the $558 million loan and is handing it back to the lender, which will appoint a receiver. The mall will remain open for [more theft] now.
The decision was sparked by the decision from Nordstrom, the mall’s anchor tenant, to close in August.
Westfield shrugged and walked away.
I lay this at the door of California Governor Gavin Newsom. He’s presiding over a crumbling state.
He knows he is. But he just keeps prancing and strutting along on the foam of his wokey-doke nightmare.
Lethal fentanyl coming up through his southern border, cartel thugs right behind it, richly garnished with violent psychos from a dozen countries.
The back-end of Newsom’s brutal COVID policies still bankrupting and decimating businesses up and down the coast.
Street crime out of control, prosecutors bent on releasing thieves and killers on no bail.
And now, every investor and business owner in the US can see the handwriting on the wall. Only the insane would start a new company in California.
If Cali wants to make money, they’d better start putting serious cash into Florida.
This post is for paid subscribers
Subscribe
Already a paid subscriber? Sign in
Previous