All posts tagged: San Francisco

Nancy Pelosi’s $200 million gift to the Presidio Trust

By Monica Chen Despite Republican outcries of earmarks and payoffs earlier this year, House Speaker Nancy Pelosi has kept $200 million in appropriations for The Presidio Trust in the Build Back Better plan. Tucked into the massive 2,000-page bill are two paragraphs giving the organization that sum, to be doled out in fiscal year 2022 and available until 2026, for “carrying out projects.” The trust manages the Presidio National Park, a 1,480-acre park at the northern tip of San Francisco overlooking the Golden Gate Bridge. When Pelosi’s office was asked by reporters in September why the trust needed that money, the answer was that it was “to help meet the needs of this incredibly popular national park in this difficult financial moment.” “Sadly, it’s clear Republicans would rather play politics than preserve our national treasures,” a spokesperson said to Fox News. But the Presidio National Park is mostly used by San Franciscans, unknown to the rest of the country. The trust is also flush with cash. In 2021, its total revenue was $131 million, according …