Having been thoroughly panned by the Presidio Trust’s staff, the singular proposal to redevelop the 30-acre Fort Winfield Scott campus in the Presidio has been revised and refined (as expected).
From the revised proposal:
The Presidio Trust Preliminary Staff Report and feedback from the Presidio Trust board at the April 24 public presentation focused on four major issues:
● Fort Scott must be a mission driven campus for the duration of the lease.
● All required site and infrastructure improvements must be funded by the project.
● Relocation of the Park Police must be funded.
● Adequate transportation access must be provided and funded by the project.
The following summarizes the efforts of the Campus for Change (C4C) team since the April 24 board meeting to address these concerns.
This effort has included meetings with Trust staff, SFMTA, Plant Construction and various consultants as needed to discuss transportation, infrastructure, police relocation and financing issues. We have also had numerous internal discussions with the C4C team to refine how we structure the ownership and financing of the project to support additional costs and better assure the Trust of our commitment and ability to maintain the mission-driven foundation of the Campus for Change. The result of these efforts has culminated in a thoughtfully revised proposal that addresses the Trust’s core concerns by:
● Creating a new C4C Nonprofit to enter into the master lease with the Trust and govern the development, long-term leasing and operations of the Campus for Change to ensure mission, purpose, and values drive decisions.
● Funding increased SFMTA and Presidio transportation costs through a combination of increased ridership revenue and Fort Scott parking revenues.
● Funding all required infrastructure costs based on current updated construction cost estimates of $65.5 million (and nearly $100 million with soft costs, escalation and contingency).
● Developing new police facilities at the Stables or other approved location with funding secured by a combination of historic tax credit equity and bank financing, supported by rent paid by the Park Police.
The proposed C4C structure:
The rough transportation plan and assumptions for handling an additional 2,570 employees and 1,145 visitors to the site, resulting in an estimated 10,570 trips, each day:
“Through a robust Transportation Demand Management Plan, we intend to utilize incentives and provide enhanced facilities to encourage walking and the use of bicycles which we conservatively estimate will account for 13% of employee trips each (primarily internal trips). Because parking is limited, we have assumed a maximum utilization of 25% of our daily trips being served by automobile. We estimate 14% of those coming to Fort Scott will arrive by TNC (Uber or Lyft, although none are assumed to be employees- all will be visitors). The remaining 35% of trips will be served by transit (Muni, Golden Gate Transit or PresidiGO). Based on our discussions with the SF Bike Coalition, and others in the transportation community, we believe these are realistic estimates.”
The revised proposal is now slated to be presented to the Presidio Trust Public Board of Directors on June 19, with time allotted for another round of public comments and the Board’s decision expected that evening. Keep in mind that the Trust’s estimated budget for restoring, improving and redeveloping the campus has been running closer to the $200 million mark.
And once again, the proposing team has been aiming to secure control of the Fort Scott Campus by the fourth quarter of 2021, start work by the end of that year and complete the redevelopment in the fourth quarter of 2023. We’ll keep you posted and plugged-in.