In addition to property sales, Trump's latest executive order targets the Presidio Trust, the agency managing the 1,500-acre Presidio Park in San Francisco. The order seeks to "dramatically" downsize the federal government by eliminating what it deems "unnecessary" agencies, including the Trust.
The Presidio Trust, established in 1996, has been financially self-sustaining since 2013, relying on lease revenues instead of federal funding. In response to the executive order, the agency stated it would continue operations as usual and submit a report to the Office of Management and Budget within two weeks, as required.
In response to the order, the Presidio Trust proclaimed its commitment to its mission: "We are confident that our activities are all statutorily based."