The Navy’s Term Sheet sets a $44.6 million purchase price, with an initial $4.6 million down payment and $40 million deferred over four years, and designates Brookfield Properties as the master developer.
The 2,422 acres were part of a 12,800‑acre complex that began operating in 1944 and closed in 1999; Concord designated the site for redevelopment in 2006 but the land sat idle for two decades.
Brookfield’s master plan envisions 12,272 housing units, a 75‑acre first‑responder training center, a 4‑acre veterans’ community center, and a $5 million sports park, while 5,038 acres will become Thurgood Marshall Regional Park.
With the Navy’s green light, Concord and Brookfield will now prepare a Specific Plan this winter, engaging consultants and scheduling community meetings slated for early 2027, before the council votes in 2029.
Concord’s economic‑development director Guy Bjerke, retiring this September, praised the Navy as a “tremendous partner” and said the city’s staff will keep pushing the plan forward.