Dying San Francisco Sustains Another Massive Blow

Earl

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Dying San Francisco Sustains Another Massive Blow

BY ROBERT SPENCER5:22 PM ON JUNE 06, 2023

Not too long ago, San Francisco was still a remarkably beautiful city, although even then it could change on a dime. One could be in the midst of a leisurely stroll down a gorgeous street filled with chic cafes, turn a corner, and find oneself without warning in the middle of a large crowd of menacing homeless drug addicts. Now, after decades of far-Left misrule that has picked up speed in the wake of the COVID hysteria, the city’s dirty, degrading, and dangerous areas are growing rapidly and taking the whole place over, and the city’s remaining sane people are fleeing.

The end is near for the Golden Gate City: the day is approaching when its ruins will bear silent witness to the ways in which Leftism destroys human societies. In anticipation of that day, a luxury hotel chain is leaving town.

The Joys of leftism in full color the brown piles on sidewalks, the white power on street corners, the red flows from murder victims and the black and blue from robberies, assaults and vandalism, what a city to live in where leftist democrats have answers for every failure they created be creating more failures they can be proud of.

https://pjmedia.com/news-and-politi...ncisco-sustains-another-massive-blow-n1701091
 
Park Hotels & Resorts Inc., which owns and operates the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco, has announced that it is pulling out of Pelosiville, and can you blame them? The inaptly named Thomas J. Baltimore, Jr., Chairman and CEO of Park Hotels & Resorts, announced Monday that it was going to stop payments on a $725 million commercial mortgage-backed securities (CMBS) loan that is secured by the Hilton Union Square and the Parc 55. That means that unless someone steps in to take them over, those two hotels will close up, and their shells will become new monuments to the cost of electing Leftists to run cities.

Baltimore (wasn’t Joe San Francisco available?) announced, “This past week we made the very difficult, but necessary decision to stop debt service payments on our San Francisco CMBS loan.” His explanation for this was devastating: “After much thought and consideration, we believe it is in the best interest for Park’s stockholders to materially reduce our current exposure to the San Francisco market.
 
One would think that voters living in far left Democratic Socialist controlled cities would not vote for these loons who destroy the quality of life in their cities.
 
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