A billion dollar iconic mall known as the Westfield Emporium or more recently the San Francisco Center Mall was sold at auction for a fraction of its worth to Deutsche Bank and JP Morgan Chase. Before the pandemic, the mall was a shopping hub with residents and Tourists flocking to it.
But tourists turned away from San Francisco. Th city was destroyed by bad policies of bad policies, especially the lack of crime prevention. Now, they have drug addicted homeless roaming freely, attacking innocent people, along with illegal alien gangs, disrespectful illegal foreigners, and their own unleashed criminals.
At the end of 2022, the mall was worth 290,000 million, a 076% drop from the height of its worth. It was sold for only 133 million dollars or 11% of its total top evaluation.
It’s a gorgeous mall, but this signals a new era in California where everything is about pandering to criminals and the Third World.
Westfield blamed “unsafe conditions”, and “lack of enforcement against rampant criminal activity” for the malls massive decline.
“Given the challenging operating conditions in downtown San Francisco,” Westfield said, “which have led to declines of sales, occupancy, and for traffic, we have made a difficult decision to begin the process to transfer management of the shopping center to our lender to allow them to appoint a receiver to operate the property going forward,” the company previously said in a statement.
They shut their doors the same year as Nordstrom and Bloomingdale’s. Yet, the residents will still vote for the Democrat/Communists/Socialist/Progressive Party which brought this to their door.
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The vote counts show that the people support collapse.
The Westfield mall near me, not in a heavy crime area, was sold and is now being improved.
The nice high tech locations I worked at in Naperville were sold for 4% and 10% of value. It was about $700 million real value.
That’s how they destroy capitalism.
Democrats hate democracy, and freedom, and America.
You can’t change stupid. Keep voting for the same incompetent leftists who show over and over they despise the working class and pander to the criminal class.