$1.7 Million Real Estate Grant Aims to Keep Artists in Oakland
City and arts leaders in Oakland are looking ahead to a more hopeful future, even as authorities work to identify victims of the fire that killed at least 36 people at an underground dance party on the night of Friday, Dec. 2.
On Tuesday, Oakland officials announced the William and Flora Hewlett Foundation and the Kenneth Rainin Foundation are providing Oakland with a $1.7 million grant to help arts groups stay in Oakland in a viciously competitive real estate market.
The Community Arts Stabilization Trust (CAST), an organization which helps broker real estate deals for cultural organizations, will administer the grants. “The assumption is not that artists or arts organizations are un-businesslike, but simply the making of art is a different core business than real estate development,” CAST executive director Moy Eng says.
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