Livermore Hotel Developer Owes $144,494 in Taxes as Tom Pico Honored

Downtown redevelopment finances, open-space stewardship, and independent cinema are drawing community attention across Livermore and Pleasanton. In Livermore, public records reviewed by The Independent reveal that the developer of the proposed Presidio Hotel owes $144,494 in delinquent property taxes and received a notice of default earlier this year on a private commercial loan.

Approved by the city in 2018 for a downtown site adjacent to the Bankhead Theater, the Presidio Hotel project encompasses two key properties along Railroad Avenue. County tax records indicate the developer owes $144,494 in unpaid property taxes on the proposed valet parking parcel at 2080 Railroad Ave., which was purchased in 2022 using a $1,923,750 loan from the City of Livermore. In addition, Worldwide Lenders, Inc. recorded a notice of default earlier this year citing $61,573 in past-due payments on a December 2024 loan of $1,627,500 secured by the main hotel parcel at 2205 Railroad Ave., which the developer acquired from the city for $71,521 in 2022. Citing those financial encumbrances, Livermore Community Coalition member Sophia Schaefer submitted a November 9 request asking the City Council to place a formal presentation on its November 23 agenda examining an Enhanced Infrastructure Financing District option.

In neighboring Pleasanton, residents are honoring former Mayor and City Councilmember Tom Pico for his decades of civic service protecting hillside open space, preventing over-development, preserving Pleasanton's small-town character, and championing the ecological restoration of Kottinger Creek. Community members have launched a public proposal to rename Kottinger Park as Tom Pico Park in recognition of his leadership in returning the creek corridor to a natural habitat.

Meanwhile, at Las Positas College in Livermore, 17-year-old college student filmmaker Christian Campbell is developing a feature-length supernatural thriller drama titled Deadwater. Campbell, who attends the Middle College program at Las Positas College, directed actors Walter Diaz and Sean O'Brien on October 9, 2026 in Knights Ferry, California to shoot a concept trailer ahead of an October 17 crowdfunding launch supporting the film's estimated $1,000 production budget.