But would all the staff still want to live in SF and commute to South Bay?
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no they're increasingly opening offices and taking large leases in the city.
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As your tax base continues to wither, this will become the least of your municipal concerns.
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It is increasingly uneconomic for any non-tech firm to locate in the city - the costs of doing business are just too high, especially employee wages. San Francisco can be a city of tech workers and city employees who mostly live in social housing. Sounds enchanting, no?
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Maybe the City should be honest about the housing it is willing to provide to its workforce and start building things like Teacher BARRACKS (why should they get their own apartments? Let them have a bunk in a room of 30 people - doesn't that sound like community building?).
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I worked out of the Symantec office in the City often when I had meetings or just wanted a change of pace from Mountain View.
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In a normal world, this would be a sign that the gross receipts tax should be transformed because it was poorly and discriminatorily designed.
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Or, CA to become smaller 2nd offices for companies that employ most of their workforce in Texas, Arizona, ... generally, elsewhere with lower costs of living.
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Again?
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Downtown San Jose will be the next expansion for most of these companies.
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It’s relative, but the area near the SAP center is woefully under-developed.
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