Concord, Navy To Review Financial Agreement For Reuse Project At Naval Weapons Station

From the City of Concord

Concord, Calif. (May 13, 2026) – The City of Concord Local Reuse Authority (LRA) has successfully reached a financial agreement with the United States Navy (Navy) over the price and terms of payment for the approximately 2,422 acres of property at the former Concord Naval Weapons Station to be redeveloped by the Reuse Project under an Economic Development Conveyance. The agreement, the Navy Term Sheet, is supported by the project’s Master Developer, Brookfield.

The LRA and Navy are considering their final approval of the Navy Term Sheet concurrently. The City Council, sitting as the LRA, will consider the Navy Term Sheet, revisions to the existing Brookfield Term Sheet, and amendments to the Exclusive Negotiating Agreement with Brookfield at their regular meeting on May 26, 2026.

Gaining approval of the Navy Term Sheet will allow the LRA and Master Developer Brookfield to start the drafting of the Specific Plan and other entitlement documents for the project. All of which are needed to develop the former Concord Naval Weapons Station.

The staff report for the upcoming meeting and related documents are posted for public review HERE.

To learn more about the Concord Community Reuse Project at the former Concord Naval Weapons Station, please visit the City’s project’s website HERE.

Questions for the City can be directed to Guy Bjerke, Director of Economic Development & Base Reuse at (925) 671-3076 or Guy.Bjerke@cityofconcord.org. Questions for Brookfield can be directed to Emily Boyd at Emily.Boyd@brookfieldrp.com or (925) 314-4030.

Brookfield also has a project website HERE.