Downtown S.F. recovery plan leans heavily on getting young people drunk

The state of San Francisco's downtown is concerning, with Chief Economist Ted Egan likening it to a Wile E. Coyote scenario, where the harsh realities of economics have yet to hit. Vacancies are high, and rents remain unchanged, prompting Egan to assert that the city will eventually have to adjust to market realities. Despite his pessimism about returning to pre-pandemic conditions, he acknowledges that the absence of alternatives will force building owners to adapt. The city's recovery plan focuses on attracting young people by permitting public drinking, creating vibrant social spaces.

While this initiative is designed to boost foot traffic, it raises questions about its effectiveness in fostering long-term business growth. Critics highlight that such measures do not address the underlying issues causing economic deterioration. As San Francisco navigates these challenges, it becomes clear that immediate solutions may not suffice for sustainable recovery. The situation reflects the broader struggle of cities adapting to changing economic landscapes.