President Donald Trump issued an executive order Wednesday to eliminate The Presido Trust, which operates and protects one of San Francisco’s most iconic landmarks.
According to the order, the Presidio Trust should be eliminated because it’s “unnecessary.” The Presidio Trust is the federal agency charged with running and protecting the San Francisco park, which was designated a national historic landmark in 1962.
Speaker Emerita Nancy Pelosi issued a statement Wednesday night in response to the executive order.
“In 1996, the Presidio Trust Act was passed in a bipartisan way when Republicans held the majority in Congress and has retained bipartisan support ever since. 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.”
In 2023, Pelosi announced $200 million from the federal government would be heading to the Presidio.
There are four federally funded entities targeted by Trump’s executive order as part of its Commencing the Reduction of Federal Bureaucracy executive order: the Presidio Trust, the Inter-American Foundation, the United States African Development Foundation and the United States Institute of Peace.
A spokesperson for the Presidio Trust has reportedly said that hundreds of millions of dollars in question have been allocated.
Source: NBC Bay Area
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