The Briefing Room
State Chapters => California => Topic started by: rangerrebew on November 25, 2023, 01:47:19 pm
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Business owner says he's 'done' with San Francisco, claims government cares more about injection sites
Story by Alexander Hall •
1d
A longtime owner of multiple businesses in San Francisco, California condemned local leaders for failing to keep the city safe for small businesses.
The SF Chronicle reported that Mark Sackett has owned a "South of Market building with a printmaker, antiques shop and events venue called the Box SF for almost two decades" but now faces "financial ruin because he’s been unable to refinance a $2.5 million mortgage due in February." As a result, his building is allegedly scheduled to be auctioned "at a massive loss" in January, as he anticipates his other businesses will be forced to close as well.
"Sackett blames widespread drug use, violence and filthy streets in the neighborhood for his inability to address his loan. Since the pandemic, the area has fallen to the worst condition Sackett has ever experienced," the SF Chronicle reported.
https://www.msn.com/en-us/money/realestate/business-owner-says-he-s-done-with-san-francisco-claims-government-cares-more-about-injection-sites/ar-AA1kt3CF?ocid=msedgntp&cvid=c77a0f4c56014e7b9f1bf9e2fcea1a8d&ei=210
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Business owner says he's 'done' with San Francisco, claims government cares more about injection sites
Story by Alexander Hall •
1d
A longtime owner of multiple businesses in San Francisco, California condemned local leaders for failing to keep the city safe for small businesses.
The SF Chronicle reported that Mark Sackett has owned a "South of Market building with a printmaker, antiques shop and events venue called the Box SF for almost two decades" but now faces "financial ruin because he’s been unable to refinance a $2.5 million mortgage due in February." As a result, his building is allegedly scheduled to be auctioned "at a massive loss" in January, as he anticipates his other businesses will be forced to close as well.
"Sackett blames widespread drug use, violence and filthy streets in the neighborhood for his inability to address his loan. Since the pandemic, the area has fallen to the worst condition Sackett has ever experienced," the SF Chronicle reported.
https://www.msn.com/en-us/money/realestate/business-owner-says-he-s-done-with-san-francisco-claims-government-cares-more-about-injection-sites/ar-AA1kt3CF?ocid=msedgntp&cvid=c77a0f4c56014e7b9f1bf9e2fcea1a8d&ei=210
Another Governor Noisome success story!
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If the neighborhood malaise can be traced to official policy, that policy has reduced the value of his assets and could constitute an illegal 'taking' by the Government, worthy of pecuniary compensation.