The Foundation purchased the property from the Christian Life Center in the 1970s for $ 4.5 million . The facility opened to the public in 1981 . Henry Trione , a philanthropist affiliated with Wells Fargo bank , assembled a group of donors , dubbed " Henry 's Angels " , who purchased the property for $ 4.5 million cash in a bankruptcy court in 1981 . In 2006 , the Foundation sold the naming rights to Wells Fargo Bank for ten years , coming into effect on March 12 , 2005 . The foundation continued to own and operate the center , which is scheduled to officially revert to its original name on March 12 , 2016 . The center 's east wing was heavily damaged in the Tubbs fire
Tubbs fire
Tubbs Fire
Luther Burbank Center for the Arts