22-04-2025
- Business
- San Francisco Chronicle
S.F. billionaire says he won't take back comments that Aaron Peskin calls ‘untrue and defamatory'
Former San Francisco Supervisor Aaron Peskin is demanding that the billionaire venture capitalist linked to the purchase of several buildings along a historic Pacific Heights retail strip retract public comments he recently made about Peskin.
Neil Mehta, managing partner at Greenoaks Capital, mentioned Peskin during a recent appearance on the 'Invest like the Best' podcast in which he spoke about his controversial plans to revitalize the Upper Fillmore area. Mehta's purchase of buildings along the popular commercial strip drew blowback from Peskin and other city leaders last year amid concerns about small businesses being displaced from the neighborhood.
In his remarks on the podcast, Mehta said Peskin 'had picket signs with my face on them, marching down the street, 'billionaire taking over city'.' But Peskin said that didn't happen, though he has spoken critically of Mehta's dealings on Upper Fillmore and he did author successful legislation to create new eviction protections for the city's oldest businesses.
'I have never possessed, carried nor marched down any street with any picket sign with your face on it nor for that matter any sign saying 'billionaire taking over city',' Peskin wrote. 'I hereby request that you issue a public statement acknowledging that your statement was untruthful and incorrect and that you retract it.'
Mehta declined to walk his comments back in a statement Monday issued by his spokesperson Sam Singer.
'We respect Mr. Peskin, but what was said on the record reflects the spirit of the situation,' Singer said. 'We do not intend to apologize or issue a retraction.'
Peskin told the Chronicle that he suspected that Mehta was 'exaggerating what happened' at a news conference Peskin held last year about the eviction legislation. Peskin spoke to reporters about the legislation while standing in front of the longstanding restaurant La Mediterranee. At the time, the restaurant's owner was worried about the business's future after Mehta bought the Fillmore Street building where it is located. La Mediterranee and Mehta later announced that the restaurant would stay at its current location through 2028.
'There was no march. There was a press conference in front of La Mediterranee,' Peskin said. 'It was a very normal formal political announcement of a piece of legislation by a legislator.'
Peskin, who was termed out of office in January, has been critical of Mehta's real estate deals on Upper Fillmore.
'We will not let venture capitalists engage in hostile takeovers of our neighborhoods,' he said last year when talking about his legacy business legislation. 'The fight to save legacy and neighborhood-serving businesses like Cafe La Mediterranee is a fight for the soul of our city.'
In the same podcast appearance where he mentioned Peskin, Mehta also spoke more broadly about his motivations for buying property on Upper Fillmore, saying he plans to restore the former Clay Theater and open an all-day diner.
Mehta said San Francisco is 'a really important city' and 'important for America' because 'it's ground zero for a lot of the most interesting people all over the world to come and build their version of the future.' But he said 'we've tried really hard to kill it' through anti-business policies and 'a lot of things are going in the wrong direction' in the city.
'Losing San Francisco to some of the progressive causes that have plagued the city would be pretty bad,' he said. 'This was one part of my little corner of the world, starting to invest and make it better. It came from a place of wanting to make that street beautiful.'
