Twitter wants to build an actual tech bubble.

Hermetically sealed away from the Morlocks:

So Twitter now wants a sky bridge connecting two office buildings, just to make sure that the workers never have to set foot out of the building or see anyone else. It's importing the idea of the suburban "campus," where everything is self-contained and nobody leaves (for lunch or anything else) to an urban setting.

Didn't we give Twitter a tax break in part so that all of those workers in mid-Market would help revitalize the place? Instead, a study by the city's economist, Ted Egan, shows that taxable sales (retail, restaurant etc.) in the tax-break area grew more slowly than other parts of the city -- suggesting that the tax break may have been great for Twitter but no so much for local small businesses.

Previously, previously, previously.

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5 Responses:

  1. Al Iverson says:

    Hey, don't post a picture of Minneapolis with that shit! Those skyway tunnels come in handy when it's ten degrees below zero out.

  2. John Adams says:

    If it is the same thing I am thinking of, they're asking for clearance from the city to use the existing Market Square skybridge between Market Square 1 and Market Square 2. That's been in place since the 40's or so, just like the ones behind the Empourium.

    I've yet to see a single article from any reputable reporter that points to a new skybridge. They latched onto the "new economy" side of the story and didn't read all the way through to it's actuality. Even the Chronicle article is a mere sentence.

    And again with the Tax Break debate -- People refuse to see it as anything other than a tax-break, when it wasn't much more than bringing SF's taxation in line with the rest of California. The payroll tax didn't make any sense. Nearly every city in California uses a gross receipts tax and wasn't penalized for every hire like you are in SF.

    I'm not supporting Twitter, obviously I'm done with doing that, but I'd like to see some reality in the reporting before I can direct my outrage correctly.

  3. Sheilagh says:

    does anyone talk about tax breaks based on results AFTER being built? like, hey, business in proximity increase x% last year, we'll give Twitter z$ tax break this year.

    • nooj says:

      No, because by then Twitter has chosen to build in a city that offered them self-ruinous tax breaks up front with no penalty for failing to deliver on jobs or growth.

      It's a Prisoner's Dilemma where cities are the prisoners.

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