Stockyard (Old Lucky's Parking Lot) Redevelopment

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The Livermore Village site, also known as the former “Lucky’s” site and Livermore Valley Center site, was once a stockyard accompanied by the surviving railroad depot. The redevelopment of the downtown sites owned by the City provide an opportunity to strengthen the success of the downtown core area.

History

There have been several redevelopment projects either constructed or proposed over the years.

Lucky's Era

After its value as a Stockyard was exhausted it became a strip mall anchored by Lucky's Supermarkets. Subsequent development of other shopping centers further away from the town center resulted in fewer customers and Lucky Stores abandoned the site. Most of the buildings were demolished and the parking lot remains.

2006 Livermore Village

This was a proposal by a developer [1]to build housing on the sites. An economic downturn ensued, and Livermore acquired the property.

2009 Performing Arts Effort

Another redevelopment plan was for a 2,000 seat performing arts center. It was scrapped when a change in State law regarding the availability of redevelopment funding made it economically infeasible.

Current Development Proposals

Community Group Alternative

Funded and managed by volunteers http://vibrantlivermore.com

Lennar Alternative

Proposed by Lennar Homes, the designated developer http://cityoflivermore.net/downtown

Financial Implications

Livermore Village

The Livermore Village costs for acquisition and demolition of Lucky's was $22 million in general fund expenditure [2].

LVPAC

For the 2,000 seat theater, Livermore spent over 9 million dollars on that effort [3]. The project was not completed.

Cornerstone

Several studies were recommended by Council on Aug 8 2016 for the new "Cornerstone" development proposal They will commence Q3 2016 at unknown costs.