News

PSU won’t acquire Oregon College of Art and Craft
Author: Christopher Broderick, University Communications
Posted: January 25, 2019

Portland State University will not pursue an acquisition of the Oregon College of Art and Craft (OCAC) after an analysis determined an acquisition is not feasible for PSU.

PSU President Rahmat Shoureshi and other PSU administrators met with OCAC officials Thursday and informed them of the decision.

“Based on our research, it is not financially feasible for us given other budget challenges that we face,” PSU President Rahmat Shoureshi told OCAC officials.

President Shoureshi added: “"We explored this because we were excited about the potential opportunity that an acquisition would honor the legacy of art and craft at OCAC, support the arts in our region and bolster our own College of the Arts. But our study of different acquisition scenarios, including those involving private philanthropy, showed the potential costs would be too high for PSU.”

The feasibility study conducted by PSU examined financial, legal and academic issues and potential obstacles.

Founded in 1907, OCAC is a mentor-based college located at 8245 SW Barnes Road in Portland. It offers bachelor and master’s degree programs in Fine Arts and community programs, lectures and exhibitions.