Viewpoint: Wiener's Eviction Bill Would be Destructive for Property Owners

San Francisco Business Times (June 17, 2020) An amended version of SB-939 will be discussed during a hearing before the California Senate Appropriations Committee on Thursday. The appropriate focus of this bill should be to provide benefits to truly small businesses, with a particular emphasis on restaurants and bars, since these types of tenants are universally thought of as the classes of tenants that most need financial assistance due to the pandemic. The bill, even as amended, continues to be extremely punitive to property owners, will create long lasting significant negative effects on property values, property owners, and property lenders, and will produce serious future problems for the very tenants that the bill intends to protect. Read More (subscription required)