It seemed too good to be true—more than 2,500 acres of Bay Area land and plans to build nearly 16,000 new homes, finally moving toward approval after decades of on-again-off-again negotiations—and then it all fell apart in a single vote.
The $6B redevelopment of the former Concord Naval Weapons station on the Sacramento River is back off the table after the Concord City Council voted 3-2 last week to reject a term sheet and sever ties with the second master developer it had appointed to oversee the project.
According to a report in CBS News, city officials attributed the decision to send the project back to square one—a new master developer will need to be designated—resulted from a "changing political landscape" that sowed distrust between city fathers and the development team.
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