The Presidio of San Francisco
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Transcript of The Presidio of San Francisco
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
• 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
View Towards The Richmond
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
Adam Engelskirchen, Director of Real Estate, Presidio Trust
The Presidio of San Francisco