New Leadership: Shola Olatoye Appointed CEO of S.F. Downtown Development Corporation

A New Era for San Francisco's Downtown

The San Francisco Downtown Development Corporation (DDC) has made headlines with the appointment of Shola Olatoye as its first Chief Executive Officer. This move comes at a crucial juncture for the city, as it aims to rejuvenate its downtown area, which is vital for both economic and cultural vitality in the Bay Area. The DDC, a nonprofit public benefit corporation, works alongside various stakeholders including civic entities, businesses, labor groups, and philanthropists to reimagine the downtown landscape.

In her new role, Olatoye, a seasoned leader in community development and housing policy, is poised to implement significant changes in the downtown sector. She emphasizes that the area is not just an economic hub but also represents the heart of the city. Olatoye will begin her tenure by gathering input from residents, businesses, and community partners to inform actionable steps aimed at creating cleaner streets, safer neighborhoods, and a thriving business ecosystem. This initiative is in line with Mayor Lurie’s recently launched “Heart of the City” Executive Directive, which seeks to accelerate the transformation of downtown into a vibrant space for living, working, and recreation.

The significance of a revitalized downtown cannot be overstated. Mayor Lurie highlights that a flourishing downtown represents the economic engine of San Francisco, supporting essential services such as public transit, parks, and emergency services, all of which play crucial roles in enhancing the quality of life for San Franciscans.

Olatoye's approach—rooted in collaboration—intends to demonstrate visible change in a short time frame. Key initiatives planned include comprehensive street cleaning in busy corridors, bolstering police presence to tackle staffing shortages, and enhancing community engagement through arts programs. These efforts will culminate in transformative public projects aimed at making downtown a more appealing and secure environment.

“San Francisco is back,” Olatoye states, underscoring her vision for a downtown that serves all its inhabitants. Stakeholders are optimistic about her leadership. David Stiepleman, Chair of the DDC Board, remarked on her past achievements in both the housing sector and public revitalization initiatives, noting her capability to deliver visible results alongside building essential partnerships.

The DDC doesn't just rely on governmental resources; it actively seeks private investments and community cooperation to stimulate economic growth and cultural enrichment. With initial funding already secured, early projects have gained momentum, indicating the corporation's commitment to rapid revitalization. Among these projects, residents can expect not only improved public spaces but also increased opportunities for engagement in their community.

Olatoye’s extensive background includes significant roles in housing authorities and community development organizations. Before heading to the DDC, she served as COO at Eden Housing and led Oakland's Housing and Community Development Department, securing over $100 million in funding. As the former Chair and CEO of the New York City Housing Authority, she directed a $10 billion revitalization plan, showcasing her ability to manage large-scale projects effectively.

The DDC’s mission is underscored by a robust Board of Directors comprised of influential figures in local business, non-profit, and civic sectors, signaling a unified effort toward constructive change. New board member Chris Meany brings a wealth of experience from transformative projects across the Bay Area, enhancing the DDC's initiative.

The countdown to Olatoye's official start date on October 1, 2025 has generated excitement within the community, with hopes that her leadership will catalyze a downtown that is not only a destination but a thriving, inclusive community for all San Franciscans. A collaborative approach, strategic planning, and community involvement will be vital in ushering in a new era for downtown San Francisco—a place where residents, businesses, and culture can flourish together.

In summary, Shola Olatoye's appointment marks a pivotal moment for the San Francisco Downtown Development Corporation. Her innovative ideas and commitment to community engagement may well reshape the downtown landscape, making it a more vibrant and welcoming space for everyone. The DDC is modernizing and revitalizing the heart of the city, ensuring its place as a focal point of unity and growth for San Francisco.