[CPEO-MEF] REUSE: "Concord [CA] rejects housing developers’ power play, but won’t kill partnership"

[Lenny Siegel]

Concord rejects housing developers’ power play, but won’t kill partnership
Developers insist they will honor city’s vision of 25% affordable housing

By SHOMIK MUKHERJEE 
Bay Area News Group (CA)
May 25, 2022 

CONCORD — The companies tasked with building 13,000 new homes at the former Naval Weapons Station in Concord won’t receive the substantial piece of leverage that they’ve spent months trying to extract from the city.

But they also will not be shown the door. Instead, tentative master developer Concord First Partners will have until the end of next January to figure out initial plans and cost estimates for the largest housing development in the East Bay’s recent history.

On Tuesday, a day before a seven-month negotiation period between the two sides was set to expire, the City Council denied a request by the development team to begin acquiring the 2,300-acre Navy-owned property before committing to any of the project’s details.

The developers’ request, which blindsided city officials, could have made the city liable to reimburse Concord First for its investments down the line if the team walked away from the project and another developer picked up where it left off.

…

For the entire article, see
https://www.mercurynews.com/2022/05/25/concord-rejects-housing-developers-power-play-but-wont-kill-partnership

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Lenny Siegel
Executive Director
Center for Public Environmental Oversight
A project of the Pacific Studies Center
LSiegel at 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)