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The Presidio of San Francisco. Presidio Trust Overview. Opportunities. Preservation of historic buildings Accelerate pace of rehabilitations Generate revenue Increase area housing supply Bring people to the park Re-establish the Presidio community. Challenges.
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Opportunities • Preservation of historic buildings • Accelerate pace of rehabilitations • Generate revenue • Increase area housing supply • Bring people to the park • Re-establish the Presidio community
Challenges • Understanding what we have • Limits on Trust’s role in deal • “Ground” lease structure • 106 vs. tax credit compliance • Overlapping review responsibilities • Functional relatedness • Tension with other values
PHSH Challenges • Functionally related buildings required amendment of Programmatic Agreement • Coordination of preservation and environmental remediation goals • Predictability as to Trust’s design guidelines and tax credit review
Lessons Learned • Understand what you have • Get the right technical help • Recognize and respect each party’s needs and align interests • Early outreach to constituents • Pick your partner carefully
The Presidio of San Francisco Adam Engelskirchen, Director of Real Estate, Presidio Trust