However, as the neighborhood grapples with declining foot traffic and concerns over crime, many people told CBS News Bay Area that Jack London Square is experiencing its worst downturn in decades.

The Waterfront Hotel opened in 1990 as part of the Port of Oakland’s $100 million development plan to revitalize Jack London Square.

"Crime is an issue that's going to be a problem, especially for a place like Jack London Square that heavily relies on tourists, local tourists, people coming from Napa, Livermore," Wiggins explained.