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House of Air trampoline park to close after rejecting new Presidio lease

House of Air trampoline park to close after rejecting new Presidio lease

Money Moves San Francisco, CA local

The 1921 Crissy Field hangar loses its tenant of 16 years; Building 926 returns to the Presidio Trust in March.

Today: House of Air announces February closure

Overview

Updated 1 hour ago

House of Air, the trampoline park inside a converted 1921 Army hangar at Crissy Field, will close on February 15 after 16 years. The owners said a new long-term lease from the Presidio Trust would cost more than the business can support.

The Presidio Trust, the federal agency that runs the former Army post, is required to be financially self-sufficient and, House of Air's Matsumoto said, needs to charge market rates for its buildings. The owners did not share the lease terms. The trust now decides what moves into Building 926.

Why it matters

A 16-year-old Crissy Field attraction is leaving because its owners say a new lease would cost more than a trampoline park can support, and the Presidio Trust will choose what fills the hangar next.

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Key Indicators

16
Years of operation at Crissy Field
House of Air opened in 2010 and closes February 15, 2027.
1 million+
Guests hosted since opening
The park says it has welcomed more than 1 million guests over its run.
17
Length of Building 926 lease (years)
The lease ends March 1, 2027, after House of Air closes.

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People Involved

Organizations Involved

Timeline

1921 March 2027

5 events Latest: Today
Tap a bar to jump to that date
  1. House of Air holds final day of operation

    Upcoming Closure

    The park's last day, with open jump sessions, classes, camps, and birthday parties continuing until then.

  2. House of Air announces February closure

    Today Announcement

    The park says it will close February 15, 2027, citing the expiration of its lease on Building 926.

  3. House of Air opens in converted hangar

    Opening

    The trampoline park opens inside the former airplane hangar after seismic upgrades and hazardous-material remediation.

  4. Hangar built for Army observation squadron

    Construction

    Building 926 is constructed to house the Army's 91st Observation Squadron and its De Havilland DH-4B biplanes.

Scenarios

1

Presidio Trust signs a new tenant for Building 926

Possible Resolves by Mar 1, 2028

Discussed by: San Francisco Chronicle coverage of the lease rejection; the trust's stated need to maximize revenue from its buildings

The trust markets the hangar as a prime Crissy Field location near the Golden Gate Bridge and the restored shoreline. A new commercial or recreation tenant could sign a lease within a year of House of Air's departure, though it would face the same market-rate rent that pushed the trampoline park out.

2

Building 926 sits vacant after House of Air leaves

Possible Resolves by End of 2028

Discussed by: Observers who note the same market-rate rent that pushed out House of Air will apply to any successor

No tenant willing to pay a market-rate rent for a high-ceiling hangar suited to recreation or events steps up. The building reverts to temporary, storage, or event-only use for years while the trust weighs options.

3

Community groups push for a public or low-cost use of the hangar

Unlikely Resolves by Q2 2028

Discussed by: Local recreation advocates and neighborhood groups that have fought to keep family programming at Crissy Field

Pressure builds on the Presidio Trust to keep the hangar accessible to families, as open space, a low-cost community gym, or public programs, rather than another market-rate commercial tenant. The trust faces a trade-off between its revenue mandate and community demand.

Historical Context

2 moments from history that rhyme with this story — and how they unfolded.

December 2020

Cliff House closes (2020)

The Cliff House, a San Francisco restaurant landmark overlooking Ocean Beach and operated by the Hountalas family since 1977, closed at the end of 2020 when the National Park Service ended its concession contract. The building, on federal park land in the Golden Gate National Recreation Area, had operated for more than 150 years.

Then

The building sat vacant for years while the park service weighed redevelopment proposals and community objections.

Now

The National Park Service later selected a new operator, and parts of the Cliff House have begun to reopen.

Why this matters now

Like House of Air, a beloved institution on federal land closed because the terms set by the federal landlord no longer worked, and its fate then rested on a park agency's decisions.

November 1996 — 2013

Presidio Trust reaches self-sufficiency (1996-2013)

Congress created the Presidio Trust in November 1996 to manage most of the former Army post, requiring it to wean the park off federal appropriations. The trust leased the park's historic buildings at market rates to tenants including Lucasfilm and the Walt Disney Family Museum.

Then

The trust closed its budget gap and reached financial self-sufficiency in 2013, ending the park's reliance on annual appropriations.

Now

Market-rate commercial leasing became the trust's core funding model, shaping which tenants can afford to operate in the park.

Why this matters now

The same mandate is why House of Air faced a market-rate rent it could not support, and why any successor faces the same constraint.

Sources

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