{"id":80366,"date":"2023-09-25T09:30:57","date_gmt":"2023-09-25T13:30:57","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/san-francisco-italian-restaurant-is-closing-as-bleeding-businesses-continue-to-suffer-in-citys-downtown-80366"},"modified":"2023-09-25T09:30:57","modified_gmt":"2023-09-25T13:30:57","slug":"san-francisco-italian-restaurant-is-closing-as-bleeding-businesses-continue-to-suffer-in-citys-downtown","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/san-francisco-italian-restaurant-is-closing-as-bleeding-businesses-continue-to-suffer-in-citys-downtown-80366","title":{"rendered":"San Francisco Italian restaurant is closing as ‘bleeding’ businesses continue to suffer in city’s downtown"},"content":{"rendered":"
\n

An Italian restaurant owner announced that he was closing up shop after doing business for over a decade in downtown San Francisco, according to a local news report.<\/a>\u00a0<\/p>\n

“After almost 14 years in San Francisco’s Financial District, it is unfortunately time for BARBACCO to close its doors,” the restaurant wrote in an Instagram post<\/a> Saturday. “We hoped 2023 would be the year the neighborhood returned to the way it was pre-pandemic, however that hasn’t been the case. We appreciate each of you for allowing us to serve you over the years, whether it was lunch with coworkers, a date night after a long day, or a meal at one of our many pasta dinners.”<\/p>\n

The owner of Barbacco told CBS News Bay Area<\/a> that his business had been suffering for a long time.\u00a0<\/p>\n

SAN FRANCISCO REPORTER SHARES MOMENTS AFTER HE WAS ASSAULTED BY YOUNG TEENS: ‘SHOCKING’<\/u><\/strong><\/a><\/p>\n

“It was in my mind already, because I noticed that we were just bleeding, and again I didn’t want to believe it,” restaurateur Umberto Gibin said. “I didn’t see the volume that we need even to break even, for that matter.”<\/p>\n

Gibin said that while he did not want to give up on Barbacco, the business was no longer sustainable<\/a>.\u00a0<\/p>\n

“You don’t want to give up,” he said, telling CBS News Bay Area that “you always hope that there is a new day until you realize that you need to look at the numbers and the bank account and you say, ‘Well, I don’t think this is sustainable.’ So, as hard of a decision as it is, it is a reality.” <\/p>\n

“The San Francisco downtown office vacancy rate is sitting around 30%,” according to the outlet.\u00a0<\/p>\n

CELEBRITY CHEF TYLER FLORENCE PLANS TO OPEN CAF\u00c9S IN SAN FRANCISCO TO BATTLE \u2018CRIME\u2019: \u2018CAN\u2019T LIVE LIKE THIS’<\/u><\/strong><\/a><\/p>\n

San Franciscans have been divided over rising crime and faltering businesses. San Francisco<\/a> land use commissioner Alex Ludlum resigned in a scathing letter to Democratic Mayor London Breed in August after he reportedly advertised for a “doom loop” tour in the city to show the effects of crime and drug use. <\/p>\n

But some San Franciscans are maintaining hope for the future of their city.\u00a0<\/p>\n

“To be honest with you, as a native San Franciscan and knowing what’s going on downtown I wasn’t surprised, but it’s very sad,” Laura Rotbert, a diner at the neighboring restaurant Perbacco, told CBS News Bay Area. “However, I’m optimistic for the future of downtown San Francisco.”\u00a0<\/p>\n

Barbacco did not respond to a request for comment from Fox News Digital.<\/p>\n

For more Culture, Media, Education, Opinion and channel coverage, visit <\/strong><\/i>foxnews.com\/media<\/u><\/strong><\/i><\/a><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/san-francisco-italian-restaurant-closing-businesses-continue-suffer-downtown-sf-bleeding <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An Italian restaurant owner announced that he was closing up shop after doing business for over a decade in downtown San Francisco, according to a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-80366","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nSan Francisco Italian restaurant is closing as 'bleeding' businesses continue to suffer in city's downtown - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/san-francisco-italian-restaurant-is-closing-as-bleeding-businesses-continue-to-suffer-in-citys-downtown-80366\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Francisco Italian restaurant is closing as 'bleeding' businesses continue to suffer in city's downtown - 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