Crime-Ridden San Francisco Seeks To Allow Lawsuits Against Grocery Stores Fleeing The City As Mass Corporate Exodus Continues

Yahoo Finance | April 12, 2024

San Francisco has long been feared to be falling into a doom loop, a situation where taxpayers leaving the crime-ridden city results in lower tax revenues leading to cuts in services and rising taxes, making it even less desirable to live in.

It can be especially devastating when a community’s essential businesses, such as grocery stores, decide to leave.

San Francisco experienced this last year when Amazon.com Inc. (NASDAQ:AMZN)-owned Whole Foods Market Inc. shut down its flagship store in the city after being open for just over a year, citing employee safety concerns.

Nearly 570 emergency calls were reported from the location in that period, including desperate pleas to police saying “male [with] machete is back,” and “another security guard was just assaulted.”

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