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San Francisco's DOOM LOOP: Taxpayer-Funded Mall IMPLODES as 7 More Stores FLEE
Manage episode 482026914 series 2792715
Yet another wave of retailers fleeing San Francisco's 'doom loop' mall, and the exodus just keeps accelerating! Seven more stores (plus bonus closures!) have abandoned the sinking Westfield Centre as it drowns in $625.6 million of debt. While city officials claim streets are 'cleaned up a bit,' retailers like Rolex, Bloomingdale's, and even Sunglass Hut have decided homeless people using elevators as toilets isn't part of the luxury shopping experience they promised customers.
Watch as we explore how this once-thriving 1.5 million square-foot destination has transformed into an empty shell that nobody wants to touch—even after FOUR delayed foreclosure auctions. Is this rock bottom for San Francisco, or just another chapter in a completely preventable policy disaster?
2829 episodes
Manage episode 482026914 series 2792715
Yet another wave of retailers fleeing San Francisco's 'doom loop' mall, and the exodus just keeps accelerating! Seven more stores (plus bonus closures!) have abandoned the sinking Westfield Centre as it drowns in $625.6 million of debt. While city officials claim streets are 'cleaned up a bit,' retailers like Rolex, Bloomingdale's, and even Sunglass Hut have decided homeless people using elevators as toilets isn't part of the luxury shopping experience they promised customers.
Watch as we explore how this once-thriving 1.5 million square-foot destination has transformed into an empty shell that nobody wants to touch—even after FOUR delayed foreclosure auctions. Is this rock bottom for San Francisco, or just another chapter in a completely preventable policy disaster?
2829 episodes
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