Downtown Development Corporation
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SF Mayor Secures $60 Million from Google, OpenAI, and Others for Downtown Development
San Francisco’s Downtown Development Corporation, launched by Mayor Daniel Lurie, has secured over $60 million in early commitments from tech giants—including Google and OpenAI—and other donors such as Visa and Salesforce. The funds will fuel the “Heart of the City” program, covering grants, low‑interest financing, and legal support to revive vacant storefronts on Powell and Stockton, as well as a new Embarcadero Park. Officials cite falling crime, rising venture capital, and upcoming major events as signs of a post‑pandemic rebound and a growing AI‑driven economic surge.
