UC Regents buy the San Francisco Art Institute’s $19.7M debt

January 3rd, 2021 No Comments »


View to The Making of a Fresco Showing the Building of a City, in SFAI’s Diego Rivera gallery, by Jeremy Blakeslee

Facing a foreclosure and public sale of San Francisco Art Institute’s (SFAI) 95-year-old main campus (City Landmark #85), the Regents of the University of California in October quietly stepped in, bought the prestigious but troubled art school’s $19.7 million debt from a private bank, and will now serve as its landlord.

Significant not only for its architecture, the SFAI campus is also home to Diego Rivera’s mural “The Making of a Fresco Showing the Building of a City” (1931), a masterpiece that has been considered being sold by the institute’s trustees to save the school. With this new move from the UC Regents, the fate of the mural still remains uncertain, and Heritage is committed to working with any and all parties to safeguard and protect both the landmark SFAI landscape and mural.

Read Mission Local’s coverage of this recent news here.

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