Daily Business Report: Wednesday, January 14
Newsom’s final year in office begins with an $18 billion deficit. How will he address it?
by Yue Stella Yu | CalMatters
In 2019, first-year Gov. Gavin Newsom inherited a state flush with cash. With a $21.4 billion budget surplus to play with, an ambitious Newsom invested billions in affordable housing, child care and health care expansion while paying down the state’s debt and shoring up reserves.
The next governor won’t be that lucky.
When Newsom unveils his last spending plan as governor Friday, he will do so with the spectre of a projected $18 billion deficit — the result of the state’s fast-growing spending, federal funding losses and heightened economic uncertainties under President Donald Trump’s administration.
Opinion: A vibrant San Diego must take art and culture to the streets
By John Eger | Times of San Diego
In revitalizing America’s cities, there are some things more important than great buildings.
Urban authority Fred Kent argues that public spaces are key. Gathering places for people to hear a string quartet, watch a dance routine or a chess match, or simply meet and enjoy themselves, all give life to a city. His idea is gaining traction in San Diego.
The San Diego Tourism Authority is promoting “Sweet Spots for San Diego Street Art,” urging tourists to see the murals and buildings the city is most proud of including Arts District Liberty Station, the Chicano Park murals and the Sea Walls Project at 38th Street and 4th Avenue where 18 murals designed to raise environmental issues have been painted.
Collab between hotel, UCSD, advisor hailed as new vision for artist residency
By Drew Sitton | Times of San Diego
A collaboration between a curator, hotelier and art advisor is creating a new vision of what a hotel artist residency can be.
Normally, a hotel residence means simply that an artist creates something to be displayed in the hotel. With finding studio space a top challenge for San Diego artists, a residency can provide new opportunities to showcase works and a deeper connection to the area.
But interdisciplinary sculptor Max Hooper Schneider, who has a background in marine biology and landscape architecture, is living out of the Granger Hotel in downtown San Diego — all while conducting intensive research about the city and its ecosystem for a major installation at the University of California, San Diego’s campus.
