Concord streamlines development review for $2.5 billion naval base redevelopment
What happened
Concord Mayor Laura Nakamura signed a bill to streamline development review for the former Concord Naval Weapons Station. This redevelopment plan, which is estimated to cost at least $2.5 billion, includes provisions for 12,272 homes and 6 million square feet of commercial space.
From eastbaytimes.com
Why it matters
The legislation, which follows a bill signed by California Governor Gavin Newsom, is intended to keep the massive project moving forward. The city is working with the U.S. Navy, which has agreed to sell 2,422 acres to the city for $40 million.
From eastbaytimes.com
Who's involved
- NakamuraConcord Mayor who signed the bill to streamline development review
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- United States NavySpeculative
The United States Navy could generate $40 million in revenue from the sale of 2,422 acres to the city
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Streamlining development may accelerate Brookfield's Concord projectStreamlining development may accelerate Brookfield's Concord projectLikely
- Concord redevelopment may boost California's economy and housingThe streamlined development could boost California's economy and housing supply.Likely
- Streamlining development review may alter Coastal Commission oversightThe California Coastal Commission's regulatory oversight may change due to streamlined development reviewPossible
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The entities involved
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Brookfield
Metra train station in Brookfield, Illinois, USA
- A lab acquisition pipeline targets Cambridge and South San Francisco, while Brookfield's joint venture recapitalization impacts occupancy.
- First National Financial Corporation originates mortgages in Canada as the country's economy contracts, with market participants awaiting potential monetary easing from the Bank of Canada.
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Nakamura
company
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