Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Is Flora Yukhnovich’s Neo-Rococo Any Different than MAGA’s?

January 23, 2026

New book offers fresh perspectives on why Cubism came into being – The Art Newspaper

January 23, 2026

Amazon reportedly to announce second wave of job cuts

January 23, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Governor Gavin Newsom Says He ‘Had No Clue’ California College of the Arts Would Close

News RoomBy News RoomJanuary 21, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

When news broke last week that California College of the Arts would close in 2027, the announcement came as a shock to students and the broader art world. It also appears to have caught one key figure off guard: Governor Gavin Newsom.

The San Francisco Standard reported that text messages sent by Newsom after the announcement suggested he “had no clue” and received “no heads up” about CCA’s impending closure, now slated for the end of the 2026–27 academic year.

CCA and its president, David Howse, disputed that account, however, telling the Standard that Newsom had been notified the Monday before the announcement. A meeting between CCA leadership and the governor’s office to discuss the transition is scheduled for this week.

Founded in 1907 in Berkeley, CCA is the last remaining nonprofit, standalone art school in San Francisco. The school has said it will sell its campus to Vanderbilt University, as the Nashville-based institution looks to expand its footprint and recruit talent in Silicon Valley.

Although CCA has struggled financially in recent years, its closure has prompted surprise in part because Newsom allocated $20 million to the school in last year’s state budget. Shortly thereafter, the college received a $22.5 million donation from Nvidia CEO Jensen Huang and his wife, Lori, followed by an additional $22.5 million from other private donors. Huang’s gift was the largest in the school’s history.

Newsom’s decision to allocate the funds drew criticism at the time. The $20 million grant far exceeded the $2.5 million the state had provided CCA the previous year.

“Given that this was such a tough budget year, it doesn’t make sense to me why we are giving $20 million to a private college,” Al Muratsuchi, chair of the Assembly Education Committee, told Politico at the time. “I’m sure the California College of the Arts provides worthwhile educational programs, but our first priority should be to support our public universities, especially when the Trump administration is defunding public higher education.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Is Flora Yukhnovich’s Neo-Rococo Any Different than MAGA’s?

New book offers fresh perspectives on why Cubism came into being – The Art Newspaper

Tate Faces Trouble Securing Frida Kahlo Masterpieces for Summer Blockbuster

Lorena Levi, Rising Artist Who Painted ‘Narrative Portraiture,’ Dies at 29

Leonardo da Vinci Mural Will Be On View in Milan During Olympics

$1 M. Jack Whitten Painting Leads Steady Sales at San Francisco’s FOG Design+Art

Metropolitan Opera considers selling multi-storey Chagall murals, valued at $55m – The Art Newspaper

Walker Art Center Will Close Tomorrow in Support of Minneapolis ICE Protest

Northern California museum and sculpture park puts its property up for sale – The Art Newspaper

Recent Posts
  • Is Flora Yukhnovich’s Neo-Rococo Any Different than MAGA’s?
  • New book offers fresh perspectives on why Cubism came into being – The Art Newspaper
  • Amazon reportedly to announce second wave of job cuts
  • How a 200% tariff on French wine could impact the US market
  • Tate Faces Trouble Securing Frida Kahlo Masterpieces for Summer Blockbuster

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

New book offers fresh perspectives on why Cubism came into being – The Art Newspaper

January 23, 2026

Amazon reportedly to announce second wave of job cuts

January 23, 2026

How a 200% tariff on French wine could impact the US market

January 23, 2026

Tate Faces Trouble Securing Frida Kahlo Masterpieces for Summer Blockbuster

January 23, 2026

Lorena Levi, Rising Artist Who Painted ‘Narrative Portraiture,’ Dies at 29

January 23, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.