San Francisco Loses $64 Million After Convention Moves Due to “Street Conditions”
I’m not up on corporate speak, but is “poor street conditions” a euphemism for wallowing in human waste while being assaulted by crazy people?
Oracle’s OpenWorld conference, one of the biggest annual technology events in San Francisco, is moving to Las Vegas in 2020 and will remain in Sin City for at least three years.
According to an email that the San Francisco Travel Association (SFTA) sent to its members on Monday, Oracle has signed a three-year agreement to bring its flagship event to the Caesars Forum in Las Vegas.
“Oracle stated that their attendee feedback was that San Francisco hotel rates are too high,” the email, which was viewed by CNBC, said. “Poor street conditions was another reason why they made this difficult decision.”
The SFTA, a private nonprofit organization that promotes San Francisco tourism, said it’s issuing a cancellation bulletin, covering five days and over 62,000 room nights in October 2020, October 2021 and September 2022.
“The estimated economic impact of each of the above is $64,000,000, a huge loss for our city,” the email said.
$64 million? What’s the big deal. SF is projected to have a $643.9 million budget deficit five years from now. That’s just a tenth of it.
Meanwhile, San Fran can double down on the disease, the human waste, and catering to the mentally ill and the drug addicts who are its new base.