City, University of London 2001, a fire in the college building gutted the fourth floor offices and roof. In August 2001 City and the Inns of Court School of Law agreed to merge. Following a donation from Sir John Cass's Foundation, a multimillion-pound building was built at 106 Bunhill Row for the Cass Business School. A new £23 million building to house the School of Social Sciences and the Department of Language and Communication Science was opened in 2004. The reconstruction and redevelopment of the university's Grade II listed college building (following the fire in 2001) was completed in July 2006. In 2007 the
City of London Corporation Corporation also sponsors City Academy, Hackney and City of London Academy, Islington. The City of London controls three other independent schools – the City of London School (for boys), the City of London School for Girls, and the co-educational City of London Freemen's School. The Lord Mayor also holds the posts of Rector of City University and President of Gresham College, an educational institution for advanced study. The Guildhall School of Music and Drama is owned and funded by the Corporation. Writing in "The Guardian", George Monbiot claimed that the corporation's power "helps to explain why regulation of the banks