Sale of Aquarium of the Bay to close

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The sale of the financially troubled aquarium at Pier 39 to the nonprofit Bay Institute is expected to be completed Thursday, ending a 13-year struggle to keep the financially trouble aquarium open.

The Novato-based institute is using funds from municipal bonds, donations and loans to pay $9.5 million for the 65,000-square-foot aquarium.

The facility was appraised last year at $18.4 million.

The head of the Bay Institute says officials plan on expanding the offerings at the aquarium, including more educational services for schoolchildren.

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