If you build it, they will come. But it you raise the rents, they won’t stay long. In major cities across the country, rising rental rates caused by an increase in demand and shortage of available units have forced renters to relocate to more affordable locations in neighboring towns or even states. As one of the most expensive places to live, it’s should come as no surprise that many folks, particularly artists, are leaving San Francisco to make a living.
According to a recent story by CBS, the “skyrocketing cost of housing” has had a negative impact on the arts community as many creators have moved to less expensive cities such as Portland or New Orleans to “pursue their artistic career.” As a result, several art galleries and institutions across the city have been displaced or forced to close their doors.
In effort to reverse the tide, the city’s mayor has pledged $2 million to boost grant funding for the arts. Additionally, remaining artists are working together to solicit donations from the general public through crowd-sourcing campaigns to keep city art initiatives alive.
In all honesty, it’s hard to envision a city that is so rich in history and culture lack a strong arts scene but I guess stranger things have happened. Do you think the technology boom will drive art out San Francisco completely?
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