San Francisco residents rejected a controversial measure limiting the number of short-term accommodation rentals to 75 nights a year per unit, results of a citywide vote revealed Tuesday night.
According to the city’s election website, Proposition F lost with approximately 45% in favor to 55% against after the roughly 133,500 votes were counted.
The measure gained notoriety over the past week largely because of the involvement of homegrown lodging website Airbnb, which spent more than $8 million campaigning against it and whose short-term rental model would have been most affected had the measure passed.
Proponents of the legislation, many of whom stormed Airbnb headquarters on Monday afternoon, say the company is decreasing housing availability and thereby exacerbating homelessness.
More Must-Reads from TIME
- Where Trump 2.0 Will Differ From 1.0
- How Elon Musk Became a Kingmaker
- The Power—And Limits—of Peer Support
- The 100 Must-Read Books of 2024
- Column: If Optimism Feels Ridiculous Now, Try Hope
- The Future of Climate Action Is Trade Policy
- FX’s Say Nothing Is the Must-Watch Political Thriller of 2024
- Merle Bombardieri Is Helping People Make the Baby Decision
Write to Rishi Iyengar at rishi.iyengar@timeasia.com