05/16/2019
“Twitter tax break”: Ten years ago, San Francisco was looking for ways of reviving a faded commercial area called Mid-Market Street. So it created a limited-time payroll tax break for businesses moving there. Now Mid-Market is booming. In retrospect, how big a role did the tax break play? What role did other elements, like transit and an improving economy, play?
As tech charged into San Francisco, it transformed the city. In Mid-Market, the “Twitter tax break” kicked off a land rush that elevated real estate prices, along with its desirability.