San Francisco Mayoral Candidate Proposes Tax Incentives to Revitalize Downtown
Mark Farrell's plan aims to mandate in-office work and transform key areas to combat high vacancy rates and economic decline.
- Farrell's proposal includes tax cuts for businesses requiring employees to work in-office at least four days a week.
- San Francisco's office vacancy rate stands at over 36%, the highest among major US cities.
- The plan also envisions converting buildings to mixed-use, increasing police presence, and adding more housing.
- Critics question the enforceability and practicality of Farrell's office mandate and long-term vision.
- Incumbent Mayor London Breed dismisses Farrell's plan, emphasizing her ongoing efforts to stabilize business taxes and public safety.