Presidio Development Advisory Services

National Park Service and Presidio Trust (California)

BAE has served as Development Advisor to the National Park Service and the Presidio Trust for this project since 1992. Initial work focused on market analysis and a solicitation process for the Main Post (350,000 square feet of historic structures), the Letterman Complex (one million square feet), historic housing units, and several community facilities. For each solicitation, BAE developed the RFP, marketed the sites, and evaluated proposals. BAE then negotiated long-term leases and building rehabilitation agreements for more than 300,000 square feet of office, commercial, and community facilities space. BAE also created a detailed $25 million operating budget for the Presidio, which was reviewed by OMB as part of the Congressional funding process. This work led to BAE’s development of the Presidio Cash Flow Model, specifying revenue streams, capital improvements, and cost-sharing among tenants and occupants.

Subsequently, BAE evaluated management options for the Presidio’s 1,000 housing units, developed a business plan for revenue generation from the recreational areas of the Presidio, formulated guidelines and template lease documents for wireless and fiber telecommunications, prepared utility rate studies, and established a Service District Charge to recover the costs of providing municipal services. BAE evaluated developer proposals for the reuse of the Mason Street warehouses for the Presidio Trust, and performed a comprehensive analysis of NPS’ fire services that led to a major restructuring of the Presidio’s fire department.

BAE also supported the formulation of the award-winning Presidio Trust Management Plan, including a comprehensive financial analysis and phasing strategy for capital improvements. Due to our record of service, BAE has also been engaged to provide ongoing real estate and business planning services to other components of the Golden Gate National Recreational Area (GGNRA) including briefings to the U.S. Congress for special operating funding allocations and infrastructure improvement programs. Most recently, BAE provided business planning support for the 2013 America’s Cup to be held in San Francisco in cooperation with the National Park Service.