[CPEO-MEF] REUSE: "Concord [CA] approves concepts for billion-dollar, 40-year development at Naval Weapons Station site"

[Lenny Siegel <LSiegel@cpeo.org>]

Concord approves concepts for billion-dollar, 40-year development at Naval Weapons Station site
The project’s term sheet is a non-binding agreement preceding final contracts for the land’s sale, construction

By KATIE LAUER 
Bay Area News Group/East Bay Times (CA)
March 22, 2024 

CONCORD — The ink is drying on the sign-off of the latest vision for the long-anticipated development at the former Concord Naval Weapons Station — a billion-dollar project projected to require five phases of development spread over 40 years.

Hoping that the third time’s the charm to meld the community’s expectations with a transformation that financially works out, city officials have tentatively signed off on the master developer’s conceptual plan for a huge mixed-use, transit-oriented community on the 2,300-acre swath of land.

Brookfield Properties’ current renderings feature roughly 6 million square-feet of commercial space, 880 acres of greenspace and more than 12,200 homes — 25% of which will be reserved for affordable pricing.

Earlier iterations have hit numerous snags since the turn of the century; agreements with two prospective master developers eventually were scrapped following labor disputes, power plays and allegations of backroom deals.

…

For the entire article, see
https://www.eastbaytimes.com/2024/03/20/concord-approves-concepts-for-billion-dollar-40-year-development-at-naval-weapons-station-site

—

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
A project of the Pacific Studies Center
LSiegel@cpeo.org
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650-961-8918
http://www.cpeo.org
Author: DISTURBING THE WAR: The Inside Story of the Movement to Get Stanford University out of Southeast Asia - 1965–1975 (See http://a3mreunion.org)

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