KQED's Forum What Trump’s Order to “Dramatically Reduce” Presidio Trust Means for the Beloved Park
Feb 24, 2025
Barbara Boxer, former U.S. Senator who helped establish the Presidio Trust, joins Gabe Greschler, a politics reporter, and Chris Lehnertz, CEO of Golden Gate National Parks Conservancy. They dive into President Trump’s surprising order to reduce the Trust, exploring its historical significance and potential impacts. The discussion highlights the Presidio’s self-sustaining model, the complex dynamics of public-private partnerships, and community concerns over funding cuts. They also touch on controversial proposals that could reshape the beloved park.
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Presidio Trust Model
- The Presidio Trust model was inspired by the Pennsylvania Avenue Corporation in DC, also structured as a trust.
- A study highlighted the potential of the Presidio's buildings as revenue sources, crucial for self-sufficiency.
Self-Sustaining Park
- The Presidio Trust aimed to create a self-sustaining park by leveraging its buildings for revenue.
- This approach prevented private interests from turning the Presidio into a residential area.
Public-Private Partnership
- The Presidio Trust utilizes a public-private partnership model, relying on philanthropy and earned income.
- All revenue generated through leases and commercial activities is reinvested back into the park.