SAN FRANCISCO (CBS SF) — San Francisco Supervisor Matt Haney launched laws Tuesday that creates a restoration fund for the town’s struggling music and leisure venues, a lot of which have closed for the reason that state COVID-19 lockdown again in March.
Based on Haney, the San Francisco Music and Leisure Venue Restoration Fund is desperately wanted as lots of the companies are dealing with everlasting closure because the COVID-19 pandemic continues.
“What this pandemic has performed to our financial system and our lifestyle has been nothing wanting a nightmare, and for our metropolis’s venues, there was no reprieve. They have been the primary to shut and can possible be among the many final to reopen,” Haney stated in an announcement.
“Some locations have been capable of get PPP loans at the start 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 yr now. Persons are going into big quantities of debt, many of those of us are afraid they are going to by no means be capable to financially get better from this, not to mention maintain their venues open. We’ve bought to do one thing, and we’ve bought to do it now,” stated San Francisco Small Enterprise Fee President Sharky Laguna.
Though Congress just lately handed a $900 billion COVID-19 reduction package deal, which included $15 billion put aside for theaters and leisure venues, Haney stated the funds are possible inadequate to forestall 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, the town’s oldest LGBTQ venue.
“After we discuss concerning the coronary heart and soul of San Francisco, many people consider our metropolis’s venues,” Haney stated. “The numerous exhibits 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 in peril of disappearing.”
A latest report from the town controller’s workplace revealed nightlife companies generate $7.2 billion for the native financial system and create greater than 63,000 jobs, which in flip generates some $80 million yearly in payroll and gross sales taxes for the town.
Haney’s laws is scheduled to be heard at a Board of Supervisors committee subsequent month.
© Copyright 2020 CBS Broadcasting Inc. All Rights Reserved. This materials will not be printed, broadcast, rewritten, or redistributed. Bay Metropolis Information Service contributed to this report.