"Billionaire-Backed Nonprofit Acquires San Francisco Art Institute Campus with Rivera Mural"
The bankrupt San Francisco Art Institute's campus, home to a valuable Diego Rivera mural, has been sold to a nonprofit organization led by philanthropist Laurene Powell Jobs for about $30 million. The sale includes the iconic 1931 mural, valued at $50 million, which will remain in a viewing room. The campus will be repurposed to house an unaccredited institution with a residency program for artists, aiming to support the art community and create a center for the community around art. The purchase is seen as a positive development for San Francisco's arts and culture scene, providing hope for the city's recovery.