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

Top 10 Phosphate Countries by Production

May 12, 2026

Nazi-Looted Portrait Surfaces in Home of Descendants of Dutch SS Leader

May 12, 2026

Crypto Market Update: Coinbase Bleeds US$394 Million in Q1, Suffers AWS Outage

May 12, 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

Nazi-Looted Portrait Surfaces in Home of Descendants of Dutch SS Leader

A Lucas Cranach the Elder Masterpiece Once Hung in Hitler’s Munich Apartment

With new Costume Institute exhibition and galleries, the Met makes powerful statement about fashion’s place in museums – The Art Newspaper

Delayed by War in Iran, Paul Klee Painting from Israel Finally Joins New York Show

Frank Stella’s eye-dazzling collection of Navajo weavings to go on view – The Art Newspaper

Archeologists Find Ancient Roman Country Estate Near Shopping Mall in Croatia

19th-century European weapons found in cenote in Mexico – The Art Newspaper

Ancient Greek and Roman Statues Found in Alexandria

London Rooftop Made Famous By Surprise Beatles Concert Will Open as a Museum

Recent Posts
  • Top 10 Phosphate Countries by Production
  • Nazi-Looted Portrait Surfaces in Home of Descendants of Dutch SS Leader
  • Crypto Market Update: Coinbase Bleeds US$394 Million in Q1, Suffers AWS Outage
  • A Lucas Cranach the Elder Masterpiece Once Hung in Hitler’s Munich Apartment
  • With new Costume Institute exhibition and galleries, the Met makes powerful statement about fashion’s place in museums – The Art Newspaper

Subscribe to Newsletter

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

Editors Picks

Nazi-Looted Portrait Surfaces in Home of Descendants of Dutch SS Leader

May 12, 2026

Crypto Market Update: Coinbase Bleeds US$394 Million in Q1, Suffers AWS Outage

May 12, 2026

A Lucas Cranach the Elder Masterpiece Once Hung in Hitler’s Munich Apartment

May 12, 2026

With new Costume Institute exhibition and galleries, the Met makes powerful statement about fashion’s place in museums – The Art Newspaper

May 12, 2026

Why Canada’s Stablecoin Framework Matters for Investors

May 12, 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.