1 00:00:02,759 --> 00:00:07,240 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,039 --> 00:00:11,639 Speaker 2: I want to get straight to the idea behind San 3 00:00:11,640 --> 00:00:15,720 Speaker 2: Francisco Downtown Development Corporation. It seems like the burden sharing 4 00:00:15,760 --> 00:00:18,400 Speaker 2: initiative is to get private capital to help. 5 00:00:18,239 --> 00:00:22,079 Speaker 3: You with a lot of what the city needs. That's 6 00:00:22,120 --> 00:00:22,960 Speaker 3: absolutely right. 7 00:00:23,400 --> 00:00:28,200 Speaker 1: Our business community, our nonprofit me, our arts community, we 8 00:00:28,240 --> 00:00:33,200 Speaker 1: want them to be partners in San Francisco's revitalization. I'm 9 00:00:33,200 --> 00:00:37,519 Speaker 1: really appreciative of the leadership of David Steepleman and that 10 00:00:37,640 --> 00:00:41,360 Speaker 1: board that has formed for taking on the challenge of 11 00:00:41,400 --> 00:00:45,839 Speaker 1: helping all of us bring our city back and lifted 12 00:00:45,880 --> 00:00:46,560 Speaker 1: to new heights. 13 00:00:47,720 --> 00:00:50,440 Speaker 2: Is the scale of the challenge billions of dollars and 14 00:00:50,479 --> 00:00:52,440 Speaker 2: who are the big names behind it that will give 15 00:00:52,479 --> 00:00:53,120 Speaker 2: you that money. 16 00:00:54,200 --> 00:00:58,160 Speaker 1: Well, you've seen the board, the list of board members, 17 00:00:58,800 --> 00:01:02,440 Speaker 1: but it's I don't know in terms of what they're 18 00:01:02,440 --> 00:01:05,440 Speaker 1: trying to raise, if it's one hundreds of millions or not, 19 00:01:05,480 --> 00:01:09,039 Speaker 1: but it's going to be private and public dollars. We 20 00:01:09,160 --> 00:01:14,119 Speaker 1: have to invest in small ways and in big ways. 21 00:01:14,760 --> 00:01:19,280 Speaker 1: We are seeing momentum starting to build in Union Square. 22 00:01:19,360 --> 00:01:23,839 Speaker 1: We just got news that Zara is launching a new 23 00:01:23,920 --> 00:01:27,640 Speaker 1: flagship store forty thousands feet four stories. 24 00:01:28,520 --> 00:01:30,319 Speaker 3: Nintendo is opening up. 25 00:01:31,040 --> 00:01:35,640 Speaker 1: We just had a great local b petisserie, a bakery 26 00:01:35,720 --> 00:01:39,920 Speaker 1: open up in Union Square. So we're seeing wins happening 27 00:01:39,959 --> 00:01:42,800 Speaker 1: every single day here in San Francisco, and the Downtown 28 00:01:42,920 --> 00:01:46,480 Speaker 1: Development Corporation is going to build on those on those wins. 29 00:01:47,520 --> 00:01:49,320 Speaker 2: This is the first time, you know, I've spoken since 30 00:01:49,320 --> 00:01:53,920 Speaker 2: your election and since taking office. Prior to taking office, 31 00:01:54,160 --> 00:01:57,040 Speaker 2: you really put emphasis on partners that were helping you 32 00:01:57,160 --> 00:01:58,080 Speaker 2: right with the transition. 33 00:01:58,160 --> 00:01:59,520 Speaker 3: Sam Outman was one name. 34 00:02:00,120 --> 00:02:03,120 Speaker 2: What is your relationship like with the technology industry now 35 00:02:03,440 --> 00:02:06,240 Speaker 2: and the biggest figureheads of that industry in this city. 36 00:02:07,320 --> 00:02:11,080 Speaker 1: Well, we launched the partnership for San Francisco. We have 37 00:02:11,160 --> 00:02:16,200 Speaker 1: twenty eight different business leaders from tech, but also from 38 00:02:17,360 --> 00:02:20,680 Speaker 1: McKenzie and from Deloitte, and from UCSF and from the 39 00:02:20,720 --> 00:02:25,280 Speaker 1: San Francisco Giants. We have the business community coming together. 40 00:02:26,320 --> 00:02:30,520 Speaker 1: I have said to the region, I've said to the country, 41 00:02:30,560 --> 00:02:32,840 Speaker 1: and I've said to the world that we are open 42 00:02:33,080 --> 00:02:36,639 Speaker 1: for business again and San Francisco is on the rise. 43 00:02:37,000 --> 00:02:39,920 Speaker 1: We want a business back, and we want them to 44 00:02:39,919 --> 00:02:42,919 Speaker 1: be part of the community, really focused on how they 45 00:02:42,960 --> 00:02:45,960 Speaker 1: can help lift up our arts and culture, our public 46 00:02:46,000 --> 00:02:49,959 Speaker 1: schools and help us keep our streets safe, keep them clean, 47 00:02:50,440 --> 00:02:54,480 Speaker 1: and we have gotten a tremendous response in our first 48 00:02:54,639 --> 00:02:57,040 Speaker 1: ninety or so days and we look forward to partnering 49 00:02:57,080 --> 00:03:01,160 Speaker 1: with them, our nonprofit community, and our friends in Miss Larry. 50 00:03:01,440 --> 00:03:03,799 Speaker 2: The main question I get for you from our audience 51 00:03:04,360 --> 00:03:07,880 Speaker 2: is how you make San Francisco competitive for the technology 52 00:03:07,880 --> 00:03:12,680 Speaker 2: industry new companies coming here versus Silicon Valley. Why bring 53 00:03:12,720 --> 00:03:16,280 Speaker 2: a headquarters into the city of San Francisco or require 54 00:03:16,440 --> 00:03:19,760 Speaker 2: staff to be in the city of San Francisco versus 55 00:03:19,800 --> 00:03:20,800 Speaker 2: the broader Bay area. 56 00:03:21,240 --> 00:03:24,760 Speaker 1: Well, first off, we're the most beautiful city in the world. Second, 57 00:03:25,600 --> 00:03:28,720 Speaker 1: the horsepower is here, the intellectual horsepower is here. We 58 00:03:28,800 --> 00:03:33,560 Speaker 1: have great universities, including UCSF around here, and young people 59 00:03:33,639 --> 00:03:37,640 Speaker 1: want to be in urban environments. They want to be 60 00:03:37,840 --> 00:03:41,240 Speaker 1: in San Francisco. That's been proven true throughout history, and 61 00:03:41,320 --> 00:03:43,200 Speaker 1: we're going to prove that again. 62 00:03:44,080 --> 00:03:46,400 Speaker 3: We have great arts and culture institutions. 63 00:03:46,440 --> 00:03:49,560 Speaker 1: We were just named the culinary capital of the country, 64 00:03:49,880 --> 00:03:52,800 Speaker 1: so we have so much to be proud of. And 65 00:03:53,200 --> 00:03:56,160 Speaker 1: we know that workers want to be here. Our CEOs 66 00:03:56,200 --> 00:04:00,160 Speaker 1: who were talking to they know that their employees want 67 00:04:00,160 --> 00:04:03,440 Speaker 1: to be in San Francisco. No offense to my friends 68 00:04:03,480 --> 00:04:08,320 Speaker 1: down in the Peninsula, But people live in San Francisco 69 00:04:08,400 --> 00:04:09,920 Speaker 1: and we want them to work here, and we do 70 00:04:10,040 --> 00:04:12,920 Speaker 1: have to get competitive, but it starts with safe and 71 00:04:13,040 --> 00:04:18,919 Speaker 1: clean streets. Our property crime rates have dropped thirty five percent, 72 00:04:19,279 --> 00:04:22,440 Speaker 1: Our violent crime has dropped fifteen percent. Car break ins 73 00:04:22,480 --> 00:04:26,520 Speaker 1: in February the lowest in twenty two years. This is 74 00:04:26,600 --> 00:04:31,080 Speaker 1: a safe American city and we want everybody coming back to. 75 00:04:31,080 --> 00:04:33,919 Speaker 3: Work here, to play here, and to live here. 76 00:04:34,480 --> 00:04:37,680 Speaker 2: It's very How is the White House and is Tariff's 77 00:04:37,720 --> 00:04:41,280 Speaker 2: policy going to impact your ability to do what you've 78 00:04:41,320 --> 00:04:44,719 Speaker 2: just outlined, bring more of the technology industry to the city. 79 00:04:45,160 --> 00:04:48,320 Speaker 1: Well, listen, we are all and you all are reporting 80 00:04:48,360 --> 00:04:53,520 Speaker 1: on it minute by minute. The uncertainty is impacting everybody 81 00:04:53,560 --> 00:04:55,719 Speaker 1: around the globe, and so we have to plan for 82 00:04:55,800 --> 00:04:59,040 Speaker 1: that here at city Hall. We're working with our department heads. 83 00:04:59,080 --> 00:05:01,720 Speaker 1: We have a big budget deficit. We inherited one of 84 00:05:01,760 --> 00:05:05,960 Speaker 1: the largest deficits in our city's history. So we're working 85 00:05:06,440 --> 00:05:10,040 Speaker 1: day and night to make sure that we tighten our belts, 86 00:05:10,400 --> 00:05:14,040 Speaker 1: we deliver core services to our taxpayers and to our residents, 87 00:05:14,080 --> 00:05:17,640 Speaker 1: making sure that we focus on public safety, focus on 88 00:05:17,680 --> 00:05:20,400 Speaker 1: the behavioral health crisis, and the drug crisis that is 89 00:05:20,440 --> 00:05:24,960 Speaker 1: causing people to feel the disorder on our streets. But 90 00:05:25,080 --> 00:05:29,000 Speaker 1: that is all starting to improve. And so we can 91 00:05:29,320 --> 00:05:32,080 Speaker 1: only control what we can control here in San Francisco, 92 00:05:32,160 --> 00:05:35,719 Speaker 1: and that's our fifteen point nine billion dollar budget. We 93 00:05:35,839 --> 00:05:38,320 Speaker 1: have a one point one billion dollar budget deficit. Over 94 00:05:38,320 --> 00:05:41,560 Speaker 1: the next two years. We're going to get that under control. 95 00:05:41,600 --> 00:05:44,800 Speaker 1: We're going to fix our structural budget deficit, and I'm 96 00:05:44,839 --> 00:05:47,480 Speaker 1: telling you we're then going to be off to the races. 97 00:05:47,920 --> 00:05:49,040 Speaker 3: Data Bricks knows it. 98 00:05:49,120 --> 00:05:52,720 Speaker 1: They just secured an office space one hundred and fifty 99 00:05:52,800 --> 00:05:56,880 Speaker 1: thousand square feet open AI just open new headquarters by 100 00:05:56,960 --> 00:06:02,120 Speaker 1: Chase Center. We are on the of lift off here 101 00:06:02,120 --> 00:06:03,640 Speaker 1: in San Francisco, and we want. 102 00:06:03,480 --> 00:06:04,880 Speaker 3: Everybody to come be a part of it. 103 00:06:05,320 --> 00:06:08,920 Speaker 2: The other threat of the administration is to pull federal 104 00:06:08,960 --> 00:06:13,360 Speaker 2: funding from so called sanctuary cities. San Francisco included in 105 00:06:13,400 --> 00:06:14,960 Speaker 2: that threat. Your response, please, may. 106 00:06:16,960 --> 00:06:22,440 Speaker 1: Our policies have kept us safe, and we have once again. 107 00:06:22,560 --> 00:06:26,200 Speaker 1: Our property crime is down, our violent crime is down. 108 00:06:26,320 --> 00:06:30,000 Speaker 1: We are one of the safest American cities going right now, 109 00:06:30,839 --> 00:06:33,080 Speaker 1: and we need to get that out into the world. 110 00:06:33,160 --> 00:06:35,800 Speaker 1: And that's got to be the narrative that people here 111 00:06:35,880 --> 00:06:39,760 Speaker 1: from US, and so I'm focused on making sure we 112 00:06:39,839 --> 00:06:44,359 Speaker 1: keep our citizens safe. Every single day, We're making sure 113 00:06:44,440 --> 00:06:47,400 Speaker 1: that we're sending a message to those that are coming 114 00:06:47,400 --> 00:06:50,320 Speaker 1: here to deal drugs. We're no longer a city where 115 00:06:50,320 --> 00:06:52,520 Speaker 1: you can come to deal drugs or to do drugs 116 00:06:52,520 --> 00:06:55,160 Speaker 1: on our streets, or to sleep on our streets. We 117 00:06:55,200 --> 00:06:57,640 Speaker 1: had a report just that came into me this morning. 118 00:06:57,880 --> 00:07:01,640 Speaker 1: We used to have a couple hundred tenths in the tuenderline. 119 00:07:01,839 --> 00:07:05,839 Speaker 1: We're down to seven as of yesterday. So we are 120 00:07:06,040 --> 00:07:08,960 Speaker 1: making sure that our streets are safe and clean for 121 00:07:09,080 --> 00:07:11,080 Speaker 1: our residents and for our taxpayers. 122 00:07:11,080 --> 00:07:12,520 Speaker 3: And that's what I'm going to focus on. 123 00:07:13,560 --> 00:07:18,440 Speaker 2: Trade, immigration, tariffs actions by the federal government one way 124 00:07:18,480 --> 00:07:21,120 Speaker 2: or another. How concerned are you about this sort of 125 00:07:21,120 --> 00:07:24,960 Speaker 2: the reputational damage to San Francisco? In other words, if 126 00:07:24,960 --> 00:07:28,360 Speaker 2: you are a tourist from any other jurisdiction, Asia, Canada, 127 00:07:28,840 --> 00:07:32,680 Speaker 2: Latin America, or you're an entrepreneur, a startup founder, and 128 00:07:32,720 --> 00:07:35,720 Speaker 2: you look at the situation with tariffs, are you worried 129 00:07:35,760 --> 00:07:40,120 Speaker 2: about how that impacts someone's perception about coming to our city. 130 00:07:41,200 --> 00:07:43,800 Speaker 1: Well, I think we have been worried about that, and 131 00:07:43,960 --> 00:07:47,400 Speaker 1: we Frankly, we lost our way for a handful of years, 132 00:07:47,520 --> 00:07:53,000 Speaker 1: and we took our status as a global destination for granted. 133 00:07:53,320 --> 00:07:57,280 Speaker 1: And those days are over. We are focused on clean 134 00:07:57,400 --> 00:08:01,040 Speaker 1: and safe streets. We're focused on winning conferences and tourists back. 135 00:08:01,400 --> 00:08:05,440 Speaker 1: We just had the NBA All Star Game weekend. We 136 00:08:05,480 --> 00:08:08,400 Speaker 1: have Super Bowl sixty coming, we have six World Cup 137 00:08:08,480 --> 00:08:12,240 Speaker 1: matches coming. We had the thirty thousand people here for 138 00:08:12,280 --> 00:08:17,080 Speaker 1: the Game Developers Conference. We have so many green shoots 139 00:08:17,080 --> 00:08:20,280 Speaker 1: in San Francisco. I can't wait to welcome more people 140 00:08:20,320 --> 00:08:23,400 Speaker 1: from around the world. We're going to go visit different 141 00:08:23,400 --> 00:08:26,480 Speaker 1: places in Europe and in Asia and invite people back 142 00:08:26,560 --> 00:08:30,680 Speaker 1: to San Francisco because they are starting to hear the 143 00:08:30,720 --> 00:08:34,840 Speaker 1: message from our administration that San Francisco is open for tourism, 144 00:08:34,920 --> 00:08:37,560 Speaker 1: we're open for business, and that we are a city 145 00:08:37,679 --> 00:08:41,360 Speaker 1: on the rise. Those days, that narrative that's from a 146 00:08:41,400 --> 00:08:44,400 Speaker 1: few years ago. We have a whole new story here 147 00:08:44,440 --> 00:08:48,040 Speaker 1: in San Francisco, and that's one of being on the rise. 148 00:08:48,120 --> 00:08:51,120 Speaker 1: And there's no better place to do business or to 149 00:08:51,240 --> 00:08:53,160 Speaker 1: visit than San Francisco right now.