The historic work of broadcasters and journalists may soon have a permanent home in the Bay Area. David Jackson, executive director of the Bay Area Radio Museum, toured the 38,000-square-foot Hibernia Bank building at Jones and McAllister streets (at Market) on Tuesday with San Francisco officials. According to the Chron, Jackson laid out his vision for a cultural arts center that would house music, sports and broadcasting museums, along with training facilities for dance, art and filmmaking. The Chron reports that Jackson faces some obstacles:

The Hibernia’s owner, Thomas Lin Yun, leader of the Black Sect Tantric Buddhism temple in Berkeley, has the building on the market for $4 million, down from a nearly $10 million asking price in May 2007, said Benny Yee, a real estate broker for the potential buyers.

It would also cost roughly $18 million to make the building inhabitable, including seismic retrofitting, removing asbestos and lead paint, adding access for the disabled and ensuring proper fire escape routes, said Steve Van Someren, the radio museum’s secretary and treasurer.

Jackson’s radio museum, which currently exists as an online archive, is looking for a permanent home. It has joined with the San Francisco Peninsula Press Club and the local chapter of the National Television Academy to form a consortium dedicated to creating a broadcast and newspaper museum in the Bay Area.