October 15, 2026
On September 24, 2026, the City of Concord announced that the U.S. Navy had approved the term sheet for the Concord Community Reuse Project at the former Concord Naval Weapons Station. The plan's 12,272 homes have been the headline figure for years. The payment schedule behind the approval shows how slowly those homes will arrive. The Navy gets paid as the project performs, and that ties construction to a roughly 30-year, five-phase build-out. The first land transfer is expected in 2030.
If you're comparing Concord with other East Bay towns, the timeline in this deal tells you more than the unit count does.
The city's announcement describes the term sheet as the financial agreement between the City and the Navy on "the price and payment terms for approximately 2,422 acres." Brookfield, the project's master developer, supports it. The Concord City Council had approved the deal unanimously in May. Brookfield has been the developer since 2023, three years after Lennar withdrew in 2020, as Contra Costa Pulse recapped after the Navy's decision.
The term sheet does not move any land. The actual conveyance needs a more detailed agreement called an EDC Memorandum of Agreement. Under the May 26, 2026 staff report, that agreement is to be negotiated and signed within 90 days of the Navy's approval. If it isn't signed within 12 months, the Navy can change the conveyance method. Ninety days from September 24 puts that deadline in late December 2026.
Cleanup also stays with the Navy. It continues to lead remediation under the federal CERCLA process, including at Site 22, known as Bunker City.
Under the staff report's terms, the Navy's money comes in four parts:
If the project performs to plan, the Navy should receive about $628 million over a thirty-year build-out. Only the deposit and the four fixed installments are set amounts. The rest depends on later phases selling land and on the project making money. The Navy is set up more like a long-term partner than a seller paid in full at closing, and that structure assumes the project will be built in stages.
The City has its own long horizon. It must put any proceeds from selling or leasing the land back into the project for 12 years after each transfer. Because the land moves in phases, those 12-year periods will overlap and start at different times.
Brookfield's term sheet was first accepted in 2024, before the Navy's price was known. Once the price was set, the staff report says, "the timing of certain infrastructure and community benefits have been shifted or deferred." Each deferral eases the cost of Phase 1, which the report says "incurs significant up-front infrastructure costs."
| Item | Original timing | Revised timing |
|---|---|---|
| Veterans Land Set Aside, 4 acres | Phase 1 | Phase 3 |
| $5 million Tournament Sports Park contribution | Phase 1 | Combined with the Phase 2 contribution for $20 million in Phase 2 |
| Repayment of the City's $15 million loan to the project | Phase 1 | Phase 3 |
| Evora Road connection from Port Chicago to Mt. Diablo Creek, plus Diablo Creek Golf Course repair | Phase 1 | Phase 2 |
| Evora Road bridge at Mt. Diablo Creek | Phase 1 | Phase 2 |
| Kinne Culvert at Mt. Diablo Creek | Phase 1 | Phase 2 |
| Potable water storage reservoir, about 1.65 million gallons per day | Phase 1 | Phase 2 |
The project's total contribution to the Tournament Sports Park is still $100 million. Phase 1 covers about 353 acres. The later phases cover about 606, 310, 416 and 452 acres. Another 171 acres is set aside for the Tournament Sports Park and Citywide Park, and Brookfield will not take title to that land. Phase 1 is the smallest phase except Phase 3, and it carries the heaviest early costs. That explains why so much was pushed out of it.
The staff report lists commitments that did not change. They include the overall count of 12,272 homes, 25% affordable housing, 16 acres for permanent supportive housing, 10 acres for Food Bank expansion, 6 million square feet of commercial space, and 868 acres of local parks, paths and bikeways. The report also lists the timing and funding of the Community Center and Library and the project labor agreements.
Two transportation commitments affect existing Concord neighborhoods. Brookfield agrees to widen Willow Pass Road to four lanes between Landana and State Route 4, including the bridge, once Caltrans and the City approve. That work will be phased along with the Specific Plan. Brookfield will also coordinate with BART on possible future uses of the North Concord BART Station. BART would pay its fair share of any infrastructure that serves the station.
The original negotiating agreement planned to finish all entitlements by March 2028. Navy negotiations took longer than expected, which the staff report estimates added 19 months. Here is the current schedule, in order:
Some site work could start before 2030. A separate lease would shift security and maintenance of the property from the Navy to the City, funded by the master developer, no later than the first transfer. That lease would allow pre-development work such as wetlands creation and infrastructure installation. When the Council approved the deal in May, ABC7 reported that groundbreaking was not expected until 2030.
The park next to the project runs on its own schedule. The East Bay Regional Park District lists Thurgood Marshall Regional Park – Home of the Port Chicago 50 as closed to the public except for occasional scheduled tours and programs. Construction on its South of Bailey Road access project is expected to start in 2027, depending on funding and permits. The District has not given an opening date.
If the 12,272 homes were spread evenly over 30 years, that would be about 400 a year. The phases won't be even, and none of those homes can start before the land transfers. Meanwhile, today's market is tight. The Contra Costa Association of Realtors' August 2026 county report, which combines all property types, shows a median sold price of $790,000, 21 median days on market, a 100.64% sold-to-list ratio, and 2.71 months of inventory. For existing single-family homes in Contra Costa County, the California Association of Realtors reported an August 2026 median of $875,000, up 2.9% from a year earlier. Inventory was 2.7 months, down from 3.1 months in August 2025. These are countywide numbers, not Concord-only figures.
For someone buying in the next few years, Concord's supply comes from homes that already exist. Our earlier guide to Concord home styles and neighborhood feel covers that housing stock. The former base will start to matter in the 2030s and keep mattering for decades after.
Has any land changed hands yet? No. The Navy approved price and payment terms. The conveyance agreement is still being negotiated, and the first transfer is expected in 2030.
Is the Specific Plan already approved? No. The staff report says the term sheets do not approve the Specific Plan or land-use entitlements. Those are expected to go to the Council in summer 2029.
Who led the City's side through the Navy negotiations? Guy Bjerke, the City's Director of Economic Development and Base Reuse, called the approval "an important milestone" in the city's announcement. He retired on September 30, 2026, after 11 years in the role.
The schedule for the former base will keep changing, one agreement at a time. If you're weighing a home in Concord or nearby, Gallegos Boaman Group can walk you through how the base reuse timeline relates to the streets and price ranges you're considering, starting with our Concord neighborhood page. Give Us a Call Today.
This article is general information, not legal, tax or financial advice. Consult a qualified professional about your situation.
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