“Shark Tank” star Kevin O’Leary lambasted the political mistakes that have led to San Francisco’s demise, arguing that the once bustling city is now a “wasteland.”
The O’Leary Ventures chairman discussed the political mishaps by California leadership that are plaguing the state’s largest cities and encouraged viewers to see the downfall for themselves.
“Walk around San Francisco. It is not America anymore. It just isn’t,” he stressed on “Cavuto: Coast to Coast” Monday.
When it comes to the city’s rapid decline, O’Leary blamed it on bad policies, bad taxes and the lack of a sensible legal system.
Earlier this year, San Francisco Centre, the city’s largest shopping mall, was reportedly only 25 percent occupied after another slew of retailers announced their closures.
In June, the mall’s owner, Westfield, announced that it would be handing the property back to a bank due to “the challenging operating conditions in downtown San Francisco.” Days later, Cinemark Holdings announced that it would be closing its theater at the mall.
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