San Francisco mayor Gavin Newsom orchestrated a deal for SFMOMA to take over property housing an aging, architecturally-challenged fire station. The museum would raze the building for a planned expansion, in part, to showcase the renowned collection of modern and contemporary art on long-term loan from Gap Inc. co-founders Doris and (the late) Donald Fisher.
In return, SFMOMA would build a new fire station for the city on Folsom St., at a cost of about $14 million. City officials call it a "win-win situtation" and "a double gift to the people of San Francisco" while a museum statement lauded the land transfer.
SFMOMA aims to add 100,000 square feet of exhibition space. They have raised $250 million in six months toward the $480 million needed.