Bidenomics and California’s $20 Minimum Wage Force San Francisco McDonald’s to Close After 30 Years
McDonald’s at Stonestown Galleria in San Francisco (Screenshot: Google Street View)
The McDonald’s at Stonestown Galleria in San Francisco announced it will shut its doors permanently.
After serving the community for more than three decades, this fast-food staple cites the crushing combination of high operational costs and recent legislative changes as the primary reasons for its closure.
The franchisee owner, Scott Rodrick, confirmed the closure in a statement to ABC7’s Dion Lim.
According to Rodrick, the closure is due to two main reasons: an uncompromising landlord who refused to negotiate a “sensible” rent, and the sky-high property taxes and mall fees, which were reportedly the highest paid for any single location within the company.
