Tyler Durden
#ZeroHedge: "The complete and total destruction of San Francisco and the surrounding area, consisting of streets overrun by drug addicts and corporations and retail establishments simply giving up on the city, is almost finished. Thanks, liberals!
The latest chapter in the once great city's demise came this week when Google pulled out of a $15 billion investment in Santa Clara County that would have built 15,000 homes, according to Gizmodo.
The report notes that Google and Lendlease have jointly terminated their $15 billion deal, originally struck in 2019, to develop housing and commercial spaces in Sunnyvale, San Jose, and Mountain View, the latter being the home base for the tech giant.
The "Downtown West" project in San Jose was set to feature 4,000 affordable housing units, sufficient office space for 20,000 workers, a 300-room hotel, and 10 parks. Instead, San Francisco now 'gets nothing'.
In a press release issued Friday, Lendlease said: 'The decision to end these agreements followed a comprehensive review by Google of its real estate investments, and a determination by both organizations that the existing agreements are no longer mutually beneficial given current market conditions.'”