Is struggling hotel a bellwether for downtown San Jose?
Is struggling hotel a bellwether for downtown San Jose? – San José Spotlight The Big PictureSan Jose’s largest hotel — the Signia by Hilton downtown — may soon be put up for sale, creating a critical inflection point for the city’s recovery. The property, owned by BrightSpire Capital, has faced ongoing challenges since the pandemic, […]
New budget documents place San Jose’s estimated shortfall around $56 million
New budget documents place San Jose’s estimated shortfall around $56 million The Big Picture San José is facing a projected $56 million budget shortfall for the coming fiscal year, driven largely by declining sales tax revenue and rising employee salary and benefit costs. The deficit comes as the city begins its annual budget process and […]