Livermore Presidio Hotel Site Owes $144,494 in Unpaid Property Taxes

Public property and lending records show that the developers of the long-stalled downtown Livermore Presidio Hotel have fallen behind on county property taxes on one of two city-transferred parcels along Railroad Avenue, prompting calls for a formal Livermore City Council review later this month.

$144,494 Property Tax Delinquency at 2080 Railroad Ave.

According to Alameda County records obtained and reported by The Independent, the hotel development entity currently owes $144,494 in unpaid property taxes and penalties on the parcel at 2080 Railroad Ave.

The 2080 Railroad Ave. property is designated to serve as the valet parking lot for the planned four-star boutique hotel adjacent to the Bankhead Theater, a project first approved by the city in 2018. The developer acquired the 2080 Railroad Ave. parcel from the City of Livermore in 2022 with the help of a $1,923,750 city loan.

Notice of Default Filed Earlier This Year on 2205 Railroad Ave. Loan

County recorder filings also show financial strain on the primary hotel building site at 2205 Railroad Ave., which the developer purchased from the city in 2022 for $71,521. Earlier this year, private lender Worldwide Lenders, Inc. recorded a notice of default against the 2205 Railroad Ave. parcel over $61,573 in past-due payments tied to a $1,627,500 loan issued in December 2024. Public records indicate that the $61,573 arrearage on the private loan has since been paid.

Residents Request Nov. 23 City Council Review of Hotel and EIFD

In response to the tax delinquency and lending filings, Sophia Schaefer of the Livermore Community Coalition announced plans to address the Livermore City Council during its upcoming meeting on Monday, Nov. 9. Schaefer will ask councilmembers to place a formal discussion of the Four-Star Hotel agreement and the city's proposed Enhanced Infrastructure Financing District (EIFD) on the agenda for the Nov. 23 City Council meeting.