Catellus withdraws from Concord Naval Weapons Station project race
Lennar Urban Corp. is now the only option for the development of the Concord Naval Weapons Station as Catellus Development has decided to withdraw from the race.
Concord City Council members on Monday voted 2-1 to disapprove Catellus' request for changing its term sheet and negotiating agreement. Instead, the council agreed to refund the land developer's deposit of $250,000.
Catellus said it had hoped that the council would see the merit in keeping it involved, but added that it would voluntarily withdraw from the selection process and give up any claims against the city of Concord.
Ted Antenucci, the president of Catellus, said, "We had hoped the council would see the merit in keeping us involved. We wish they had made a different decision, and we still think it's a great project."
Concord Mayor Laura Hoffmeister and Councilman Edi Birsan voted against Catellus, despite city residents' pleas asking the council to find a way to keep the company involved. Hoffmeister and Birsan also snubbed Councilman Dan Helix's suggestion to find a compromise.
The council members will now discuss Lennar's financial proposal. They are expected to select Lennar for the project, and tell the city staff to start negotiating a contract.
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