President Trump has issued an executive order to eliminate the Presidio Trust.
The Presidio Trust is the federal agency created in 1996 that manages the 1,500-acre historic park which dates back centuries, and once served as a military post.
The order issued Wednesday night calls for “dramatically” downsizing the federal government, describing the Trust and several other agencies as “unnecessary.”
In a statement, the Presidio Trust says they’ll continue to operate as normal. The Trust says it has not received regular annual funding from the federal government since 2013, rather relying on funding from leasing buildings in the park.
“We will present a report on our activities to the Office of Management and Budget, as required by the order, in two weeks,” the Trust said. “We are confident that our activities are all statutorily-based.”
In 2023, Speaker Emerita Nancy Pelosi helped secure $200 million in federal money for maintenance projects in the Presidio.
Her office put out this statement:
“The Presidio Trust is statutory, and it has been protected from assaults over time by its statutory strength. We will be carefully reviewing the language of the President’s executive order and its purpose.”
Bay Area Council President Jim Wunderman says before the Trust came, the Presidio didn’t look like this, there were worn out buildings and challenged areas.
“This is clearly a case that a public/private partnership has been successful in delivering a great public benefit without putting in government money,” said Wunderman.
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