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BLOG: Twitter's IPO could cost San Francisco $56 million in tax dollars

Colin Neagle | Oct. 29, 2013
San Francisco struck a deal to keep Twitter from leaving, but it may cost the city more than previously thought.

In total, the neighborhoods have seen some substantial improvements, according to the Chronicle:

"Retail storefront vacancy has dropped from 30 to 22 percent, sales taxes climbed by 21 percent and 4,500 housing units are in the pipeline for the neighborhood."

However, the numbers don't tell the full story. Read the Chronicle story in full for a detailed look at how the city's tech boom, and the subsequent "hyper gentrification," is affecting the city in general.

 

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