Cinemark Theater Closes in San Francisco Due to ‘Local Business Conditions’
“The theater is located in the Westfield San Francisco Centre, whose owner, shopping center giant Westfield, announced Monday it would be handing the property back to a bank”
The city of San Francisco is losing another business. They’ve already lost hotel owners, a Whole Foods, and Nordstrom. Now they’re losing a Cinemark movie theater.
The FOX Business Network reports:
San Francisco loses another large downtown business as city’s troubles mount
Cinemark Holdings, Inc. is shuttering its downtown San Francisco theater, becoming the latest major firm to high-tail it out of the troubled California city.
“Cinemark can confirm it has decided to permanently close the Century San Francisco Centre 9 and XD theater shortly before the conclusion of its lease term following a comprehensive review of local business conditions,” a spokesperson for the company told FOX Business in a statement.
The theater is located in the Westfield San Francisco Centre, whose owner, shopping center giant Westfield, announced Monday it would be handing the property back to a bank due to “the challenging operating conditions in downtown San Francisco.”
The mall remains operational amid the search for a new buyer, but Westfield said prior to Cinemark’s announcement the property would only be 55% leased when Nordstrom packs up from the location at the end of August as part of the high-end retailer’s recent decision to close both its downtown San Francisco locations due to the “dynamics” of the area.
Here’s a video report from ABC News in San Francisco.
The San Francisco Standard points out some of the problems in the area:
The area surrounding the shopping center has been increasingly troubled. Cinemark theaters are accessible via a set of elevators in the Westfield mall where human waste has been found regularly, according to mall employees.
In the San Francisco Centre, nearly half of the storefronts and eateries that were open in 2020 have since closed.
The news is yet another major blow to San Francisco’s Union Square shopping district overall. The imminent Cinemark closure news adds a 24th major shutdown in the area since the start of the pandemic, including the recent announcement that Old Navy will close its longtime Market Street location on July 1.
What is the city going to do to stop this doom loop?
Featured image via YouTube.
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Comments
The picture says “Extreme Digital Cinema”.
Bigger ones and zeroes? It, did they go back in time and the digits are cellulose nitrate, making every theater visit more dangerous, thus, extreme?
Yes, cellulose nitrate is too dangerous for most males and females. However, transexuals get a bang out of it because it’s non-binary.
Cinemark XD is a large-format 70-foot wall-to-wall screen plus fancy surround sound system. Basically a junior competitor to IMAX, which is available in many fewer areas than XD.
And, by explaining this to me, you got a diwn-tick.
Down-tick me, too, Grizz. Nitrate-based films have been replaced for a long long time. They tend to decompose and if they don’t self-immolate it doesn’t take much for a collection to go up in flames and take a barn or warehouse down with them. Talk about action films!! Most film now is cellulose acetate.
You let them sake all that green from your machine and you still ended up forced out.
No doubt SF will do more of what they have been doing because what they have been doing must be right. These Democrats will not allow themselves to be wrong. It is simply unpossible.
The theater’s last double feature should be Rocky Horror Picture Show and The Clockwork Orange.
Followed by “Escape from New York” and “Demolition Man;” the latter movie accurately predicting the kid-gloves, deferential, milquetoast and utterly ineffectual policing tactics that Dumb-o-crats have imposed, across the U.S., in deference to sociopath criminals and thugs.
LOL all they need are lounge singers performing the Jolly Green Giant jingle at the Taco Bell. Because all restaurants are Taco Bell.
Doom Loop…. Is that a punk band??? 🙂
If it isn’t there is some punk band out there missing a good bet.
Sounds more like a metal band, plus doom metal is a real sub-genre of metal.
“Local business conditions” is the latest euphemism employed by corporate public relations departments to characterize urban decay and anarchy caused by rampant homelessness, drug use and criminality — conditions and behaviors that are enabled and tolerated by Dumb-o-crat apparatchiks and prosecutors.
In commercial zones, “local business conditions” is the same thing that in residential zones is called “vibrancy.”
Heh. Good one.
Could have fooled me. I thought it was just crime.
Racist!
/must I?
I’m still wondering how long it will be before the Democrats simply make it illegal for a business to leave a Blue city or state. I can see a “Berlin Wall” type structure being erected at California’s borders, complete with barbed wire, minefields and armed guards.
They should set up a GoFundMe. I’m in.
Mr. Newsom, Tear Down This Wall
Mr. Newsom, add six more feet to this wall!
I read somewhere that the state legislature is already looking at, or may have passed, exit taxes on individuals and businesses trying to leave.
From what I understand [and I admit that keeping up with California’s insane idiocy factor is difficult]; the legislature perennially has a bill to tax the income of those who leave California for 7 years after they leave. As far as I know, it has not passed yet. But you can be sure that the incomes of those who have escaped back to our home country are something that California lusts after. So I expect them to try sometime soon.
Subotai Bahadur
Next: Los Angeles.
Do they want to?
Last one out please turn off the lights
For the children of course
I hope everyone bailed on REITS as it is going to get way nasty
For those interested in the SF response to the ongoing lawlessness that their stupid political posturing has has created, here is an article (link below) regarding the request for, and the governor’s granting of, assigning CHP (Calif Hiway Patrol) units to help SFPD deal with the open air street drug markets…
Partial spoiler– they found that CHP would do what they are trained to do: enforce the Vehicle Code. The ROE for CHP are NOT the same as those that SFPD is saddled with.
Now the local pols are “concerned” as arrests for drugs are happening.
https://www.sfchronicle.com/sf/article/sf-fentanyl-crisis-chp-sfpd-arrests-18147990.php?utm_campaign=premiumsfgate_breakingnews_20230614&utm_source=newsletter&utm_medium=email
“assigning CHP (Calif Hiway Patrol) units to help SFPD deal with the open air street drug markets…
Partial spoiler– they found that CHP would do what they are trained to do: enforce the Vehicle Code.”
Do tell? They proved to be pretty damn professional at unconstitutional door-to-door firearm confiscations during Katrina.
You are aware, I hope, that the California Highway Patrol did not participate in the unconstitutional events following Katrina.
Or are you a believer in ACAB, so it doesn’t matter?
San Francisco is a lot like a black hole in that it consumes anything in it. Once the exodus reaches a certain point the destruction of the city will accelerate. As the tax base dwindles from the large businesses that are leaving, the services will decline to the point that no upper-middle-class person will stay there. Then the cause and effect will be blurred to the point that no one can tell which is causing the failure. The people leaving or the poor service. I hate to say it but this might be the fate of many big blue cities.