SF mayors downtown revival project has reeled in $60 million from Google, OpenAI and others

▤ Summary

San Francisco’s Downtown Development Corporation has secured more than $60 million in early commitments from donors including Google and OpenAI. The money will support Mayor Daniel Lurie’s Heart of the City initiative, which focuses on public safety, cleanliness, small business support, and vacant storefront activation. Some funds will also help create a new Embarcadero Park and provide grants, marketing support, legal support, and below-market capital to local businesses. The city is positioning the effort as part of a broader downtown rebound tied to AI-led investment, rising tourism, and upcoming major events in 2026.

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