Bidenomics and California’s $20 Minimum Wage Force San Francisco McDonald’s to Close After 30 Years
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.
Rodrick also pointed out that conducting business in California had become increasingly challenging, especially with the state’s new minimum wage for fast-food workers. He described this as a “gut-wrenching” day for his family.