Oracle Conference Leaves San Francisco, Costing City $64 Million
Attendees wait in line to enter the Moscone Center North building during an Oracle OpenWorld conference in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Oracle Corp. will move its marquee annual user conference to Las Vegas, abandoning its longtime venue of San Francisco due to the rising cost of visiting the city and its homeless crisis.
Oracle’s OpenWorld will be held in Las Vegas beginning next year, the San Francisco Travel Association said Tuesday in a statement. The travel group, in an email reported earlier by CNBC, said the software company committed the conference to Las Vegas for three years, costing San Francisco an estimated $64 million.