Ownership Undecided on California Naval Base Redevelopment

A decommissioned naval base in Concord, California, is moving steadily towards redevelopment as a mixed use community. But who will own the redeveloped base is still undecided.

"Next month, Concord will weigh whether to expand its redevelopment agency to include the former weapons depot, a move that would give the city access to millions of extra dollars to fund the upfront costs of infrastructure and cleanup on the site, and to support affordable housing. The initial cost estimate for that work would be about $550 million for the duration the redevelopment agency's 45-year life.

The work will be substantial. The base is littered with dilapidated military buildings, cracking roads and rusting railroad tracks. And wide swaths of soil are contaminated with arsenic."

Deciding ownership of the base will also determine who pays for these massive cleanup efforts and how quickly they will occur.

Thanks to The Overhead Wire

Full Story: Concord weighs redevelopment agency for Naval Weapons Station

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