SAN FRANCISCO (CBS SF) — San Francisco Supervisor Matt Haney launched laws Tuesday that creates a restoration fund for town’s struggling music and leisure venues, a lot of which have closed because the state COVID-19 lockdown again in March.
In line with Haney, the San Francisco Music and Leisure Venue Restoration Fund is desperately wanted as most of the companies are going through everlasting closure because the COVID-19 pandemic continues.
“What this pandemic has executed to our economic system and our lifestyle has been nothing wanting a nightmare, and for our metropolis’s venues, there was no reprieve. They had been the primary to shut and can probably be among the many final to reopen,” Haney mentioned in a press release.
“Some locations had been in a position to get PPP loans firstly of the pandemic, however for many of those venues, that cash was gone in a month of two. Venues have been shut down for nearly a 12 months now. Individuals are going into big quantities of debt, many of those people are afraid they are going to by no means be capable to financially recuperate from this, not to mention maintain their venues open. Now we have obtained to do one thing, and we’ve obtained to do it now,” mentioned San Francisco Small Enterprise Fee President Sharky Laguna.
Though Congress just lately handed a $900 billion COVID-19 aid package deal, which included $15 billion put aside for theaters and leisure venues, Haney mentioned the funds are probably inadequate to stop everlasting closures.
Because the onset of the pandemic, a number of San Francisco venues have shuttered completely, together with famed-music venue Slims and The Stud, town’s oldest LGBTQ venue.
“After we discuss in regards to the coronary heart and soul of San Francisco, many people consider our metropolis’s venues,” Haney mentioned. “The various reveals we’ve seen and the bands and artists and music which have all come out of San Francisco, they encourage us and convey us collectively. These areas are a mirrored image of who we’re and what we love, and they’re at risk of disappearing.”
A current report from town controller’s workplace revealed nightlife companies generate $7.2 billion for the native economic system and create greater than 63,000 jobs, which in flip generates some $80 million yearly in payroll and gross sales taxes for town.
Haney’s laws is scheduled to be heard at a Board of Supervisors committee subsequent month.
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