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Presidio of San Francisco

"On July 1, 1998, management of the non-coastal areas of the presidio was transferred to the trust, which will lease the property in a manner that supports the objectives of the General Management Plan. Thus, the Presidio enters the 21st century as a new kind of park; one dedicated not only to preserving the past, but also to shaping the future."

A major financial win for the trust was a controversial deal signed with Lucasfilm. The company has built a new headquarters of Industrial Light and Magic and LucasArts on the former Letterman hospital site. George Lucas won the development rights for 15 acres of the Presidio in June 1999, after beating out a number of rival plans.

A massive $300 million development with nearly 900,000 square feet of office space, and a 150,000 square-foot underground parking garage with a planned capacity of 2,500 employees, has replaced the former ILM and LucasArts headquarters in San Rafael.

"Lucas Learning Ltd., Lucas Online, and the George Lucas Educational Foundation, also will move to the site. Lucas's proposal includes plans for a high-tech presidio museum and a seven-acre "Great Lawn" that is now open to the public."