Technology

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A new analysis of campaign filings, non-profit records and political contributions by the Guardian and Mission Local reveals the extent of this network, which is using its financial and organizational muscle to push the famously progressive city into adopting policies that are tougher on crime and homelessness, and more favorable to business and housing construction.

“This is a $20bn hostile takeover of San Francisco by people with vested real estate and tech interests, and who don’t want anyone else deciding how the city is run,” he said, referring to the combined wealth of the most prolific new donors.

Their engagement grew as progressive candidates won a number of narrow but surprising victories in 2019, including the district attorney office and several seats in San Francisco’s legislative body, the board of supervisors.

But, those observers say, their political participation really intensified during the pandemic, when frustrations over rising visible homelessness, a sharp increase in petty crime and fentanyl-related overdose deaths, and an economic downturn in the city boiled over.

The group’s biggest donor, Kilroy Realty, a southern California-based firm with major holdings in downtown office property and highly desired parcels in the South of Market district, has given $1.2m since 2020.

Campaign contribution filings show that major donors include Agarwal, as well as Larsen ($100,000), Tan ($25,000) and Pantheon’s Rosen, a tech investor who launched the controversial pro-market-rate development group YIMBY California.

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