Old Navy, founded in San Francisco on March 11, 1994, will close its flagship store in downtown this summer, joining other fleers: T-Mobile, Amazon Go, Whole Foods, and Nordstrom. Old Navy said shoplifters were hitting the store 12-14 times a day.
31% office vacancy rate
70% drop in cell phone traffic
SF tax base
75% of the city’s tax base
95% of its business tax
50% of its sales tax
State Farm and Allstate no longer provide business and property insurance in California, which means that you cannot sell your house to a buyer applying for a mortgage to buy the house until a different insurer is found.
What if I told you about a time machine? I think you would prefer that over a ticking time bomb.