2: Revenue and Philanthropy
Generate revenue and develop philanthropy to support the preservation, enhancement, and operation of the Presidio as a national
park
Other Information:
The Presidio offers real estate opportunities that are exceptional: its spectacular park setting, compelling history, and
location within a major metropolitan area. Congress intended that the Trust would generate sufficient revenue by rehabilitating
and leasing the Presidio’s buildings to support the ongoing operations of the park. The Trust has made prudent investments
in building rehabilitation, and negotiated agreements that realize the full economic benefit of each leasing opportunity.
The Trust is establishing a strong financial foundation for the park’s future, and will be able to demonstrate in 2013, when
federal appropriations end, that it has the financial capacity to operate and maintain the Presidio in perpetuity for public
use. In 2004, the Trust earned $43 million in gross revenue: $23.2 million from residential leasing, $13 million from non-residential
leasing, and $7 million from other sources, such as utilities, venue rentals, and special event permits. Over the next five
years, the Trust projects steady revenue growth, with revenues exceeding $57 million by FY2009. As Congress intended, the
Trust is also actively developing other sources of funds, such as philanthropy and grants. The Trust will solicit private
funds to support open space projects that will bring forth the Presidio’s park characteristics, further leveraging private
investment in the park and building public support for the Presidio.
Objective(s):
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