The US Navy has approved the financial agreement for redeveloping about 2,422 acres at California’s former Concord Naval Weapons Station. Brookfield Properties, the project’s master developer, will pay $44.6 million plus interest under the deal. The approval allows Concord and Brookfield to begin work on a Specific Plan, with further community engagement expected in early 2027.
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US Navy approves $44.6 million deal to redevelop former California weapons station
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