San Francisco, CA
Billionaire-Backed Nonprofit to Fund San Francisco’s Downtown Recovery Projects | KQED
“It’s not that it’s not a worthy cause,” McMorris said about the DDC’s goals to improve downtown. “But it raises the issue of purchasing influence. I’m sure the people who are being solicited are pretty well-heeled and have their own interests with the city.”
Even simple beautification projects can be a concern, he said: “That has to do with housing and real estate.”
San Francisco voters in 2022 passed a law making it harder for public officials to solicit private donations after a massive corruption scandal sent former city leaders, including Public Works Director Mohammed Nuru, to prison.
For the DDC, Lurie will seek a waiver for behested payments — essentially donations requested by public officials for city projects or funds. But this effort is separate from the expanded authority that Lurie gained shortly after taking office through his fentanyl emergency ordinance, which allows him to accept private dollars for programs and services related to homelessness and overdose response.
The DDC will primarily be focused on downtown recovery through “physical upgrades like trees and outdoor dining to economic tools like credit and small business support,” according to a press release.
The group could potentially fundraise to get housing projects off the ground faster as well, according to Stiepleman.
“Shelter and housing are covered by an actual department of the city. And that’s where it ought to be. But to the extent we can be helpful in supplementing plans that bear on making downtown more economically viable, we will be open to that,” he said. “We’re not going to be prescriptive.”
Stiepleman did not share what the group’s initial fundraising goals are or which of the city’s mega donors are tapping in.
Another question McMorris raised: What happens to these private fundraising streams once a new mayoral administration steps in?
“When you’re constantly relying on the private sector to implement or buy into your policies, you become reliant upon them, then the efficacy of government becomes less,” he said.
Stiepleman said the vision is to use private capital to move more quickly on essential projects downtown in the short term, but he hopes the efforts can eventually transfer over to public financing pipelines.
“If we’ve done our job correctly, this becomes a sustained generational kind of effort. Eventually, that has to be generated from public funds,” he said. “But in the meantime, we’re going to get it going with a substantial private capital base.”
San Francisco, CA
Retired San Francisco firefighter dies from lung cancer after Blue Shield denies treatment claims
SAN FRANCISCO (KGO) — The retired San Francisco firefighter at the center of a bitter insurance fight has lost his battle against cancer.
Ken Jones passed away Saturday, 14 months after being diagnosed with stage four lung cancer.
PREVIOUS REPORT: City asked to intervene after SF firefighter’s stage 4 lung cancer treatment denied by Blue Shield
We first told you about Jones in January — when the 17-year veteran and supporters asked the City Commission for help.
The Fire Department’s insurance carrier, Blue Shield, denied coverage for some of his recommended treatments.
Ken Jones was 70 years old.
SF firefighters rally for retiree denied cancer treatment by Blue Shield as more come forward
“After we got some publicity, thank you, a Blue Shield physician reached out to Ken’s physician, and they worked out a different plan that Blue Shield would cover. It’s still an incomplete plan,” said Helen Horvath, Jones’ wife when ABC7 Eyewitness News spoke to her in January, 2026.
Since then, Jones’ story has led to an investigation into other cases, with the city’s mayor vowing to support firefighters.
According to San Francisco’s Health Service Board, about 5,000 city employees and retirees are insured by Blue Shield. Now, city leaders are asking anyone who has been denied cancer treatment to speak up.
Tony Stefani with the Cancer Prevention Foundation said firefighters with a cancer diagnosis have a 14% higher chance of dying than other cancer patients in the general population.
“Current statistics tell us that 65% of the men and women in our profession are going to contract some form of cancer in their lifetime. Some of them will be fatal,” Stefani said.
In a Statement Blue Shield said, in part: “For Medicare members, health plans must follow medical policy established by the Centers for Medicare and Medicaid Services (CMS).”
Copyright © 2026 KGO-TV. All Rights Reserved.
San Francisco, CA
What’s Worth More Than Cash in San Francisco Real Estate? Anthropic Stock
Few things are more valuable in the Bay Area than real estate. In San Francisco, the median house price is now over $2 million. Last month, at least seven houses in the city sold for $1 million over the asking price, and buyers regularly offer to pay in cash or waive contingencies to stay competitive. Yet there is one thing that remains even more valuable than a house, and possibly more valuable than money itself: stock in Anthropic or OpenAI.
Last week, 160 Noe Street, an Edwardian home in San Francisco’s desirable Duboce Triangle neighborhood, was listed for sale at $2.9 million—or the equivalent amount in Anthropic or OpenAI shares, as based on those companies’ current valuations. Rachel Swann, the listing agent, says she was inspired to set these unusual terms after meeting several Anthropic employees at an open house for a different property. “These people have a lot of paper wealth, but they don’t always have the liquidity to do things they want,” Swann says. Some of these employees were expecting to come into as much as $50 million from their Anthropic shares, and wondered if they could use that as leverage to buy a house, according to Swann. “This kept coming up over and over again.”
Swann’s listing is unconventional, but not singular. In April, an investment banker named Storm Duncan offered to exchange his Mill Valley home and an adjacent parcel of land for Anthropic shares. And in May, Vijay Chattha, who owns an agency that does PR for tech companies, listed his Healdsburg home for $2.5 million, or $2 million in Anthropic stock. “I want to sell my house, and I want to invest in Anthropic,” Chattha says. “Why not combine the two?
Chattha’s house—a three bed, three bath with a pool and a bocce court in a part of Sonoma County that abuts some of the region’s most famous wineries—also comes with coveted short-term rental status, allowing the owner to list it on platforms like Airbnb. Only a handful of properties in Healdsburg come with that status, and only about a dozen come up for sale in a given year.
Chattha is offering a $500,000 discount to Anthropic employees because he believes the value of Anthropic shares will grow faster than any other investment, and his vacation home in wine country is the best bargaining chip he has to try to access them. “If you look at Anthropic’s growth last year, it’s insane,” he says, noting the $380 billion valuation the company claimed in February. “Now they’re raising at $965 billion. That’s three X in like three months.” He added that he was open to exchanging the house for shares in Anthropic, but not OpenAI, because he prefers using Anthropic’s products.
The real estate listings come at a time when investors are salivating at the record-high valuations of Anthropic and OpenAI, and even those considered wealthy by Bay Area standards are feeling FOMO about the affluence that could come from these companies’ debuts on the stock market. (On Monday, Anthropic submitted paperwork for its initial public offering; OpenAI is also reportedly preparing to file in the coming months.) Despite the unprecedented valuations of these companies, many people believe their stock prices will only go up, and that anyone who gets a piece now could win the jackpot.
People are clamoring to buy equity in OpenAI and Anthropic on the secondary market, leading to a frenzy of transactions that may or may not be legitimate. As a result, Anthropic updated its policy around “unauthorized Anthropic stock sales” this spring, which notes that “if someone purports to sell Anthropic shares without proper board approval, that transaction is invalid.” A spokesperson for Anthropic pointed back to this policy when asked about the possibility of exchanging company shares for real estate.
San Francisco, CA
Live Updates: San Francisco Primary Election 2026
Welcome to our running tally of Election Night results. Or, as this is California, well beyond tonight, as results continue to trickle in.
The first batch of results should arrive at 8:45 p.m., with three more to follow tonight. The Department of Elections has the breakdown.
San Francisco is voting in three special elections, for District 2 and District 4 supervisors and for a Board of Education member. Both supervisor races are referendums on housing, especially District 2, while the main backdrop of the D4 race is all the hot feelings around the fate of the Sunset Dunes Park (nee Great Highway).
The winners of all three special races will have to compete again in November for their seats.
Keeping it local, SF is also voting on four ballot measures. Prop A is for a bond to pay for an emergency water-system. B is for term limits. C and D are dueling measures related to the “overpaid CEO” tax. (Links go to our reporting on each race or issue; or click here for our Election 2026 page.)
Vote local, think national: Which two candidates will advance to the November election to replace Nancy Pelosi?
Statewide races include the primaries for governor, education superintendent, lieutenant governor, and much more.
Polls close soon. If you haven’t voted yet, find your polling station here.
Tuesday, June 2, 5:40 p.m.
Two and a half hours until our polls close. Before we go down the local rabbit hole, a reminder that other states have primary action today: New Jersey, Iowa, New Mexico, South Dakota, and Montana.
Why does it take so long to get results in California? CalMatters has you covered on that story. We shouldn’t expect a call tonight on the governor’s race.
The last big election was November 5, 2024. (Remember?) Ten days later, there were still races to call in San Francisco.
So if you’re waiting for the pundits (and maybe even us) to tell you What It All Means, you might have to wait a while.
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