Empty Office Buildings Squeeze City Budgets as Property Values Fall

New York Times, March 3, 2021–Alan Rappeport
The mayor of Arlington, Texas, laid out his grim economic predicament: Heavy spending on coronavirus testing and vaccine distribution had dwarfed dwindling tax revenue, forcing the city to consider painful cuts to services and jobs. While sluggish sales and tourism were partly to blame, the big worry is empty offices, malls and restaurants.