San Francisco Mayor Proposes Replacing Westfield Mall with Soccer Stadium.

1 min read
Source: Yahoo Finance
TL;DR Summary

San Francisco Mayor London Breed has proposed tearing down abandoned retail spaces, including the Westfield Mall, and building new structures to reshape the struggling city's downtown area. The city has been hit hard by the pandemic, with empty offices, a cratering commercial real estate market, and an exodus of retailers from its once-bustling downtown area. Breed argued that an overall shift to online shopping post-pandemic has contributed to declining foot traffic in the area. She called on businesses to reinvest in the city's community and "be even more creative" in thinking about ways to use space.

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