Catellus withdraws from Concord Naval Weapons Station project race

.
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.

NH: 
Business: 

Popular Stories

Trump adviser repeats claims of N.H. voter fraud

Doubling down on President Donald Trump’s baseless... Read More

Trump again insists voter fraud prevented him from winning New Hampshire

U. S. President Donald Trump reportedly insisted... Read More

N.H. lawmakers pass ‘concealed carry’ measure

A bill designed to make it easier for New Hampshire... Read More

N.H. Republicans trying to make voting more difficult

New Hampshire legislators are mulling a package of... Read More

Man accused of double-homicide in Farmington arrested

A team of detectives from Massachusetts State... Read More

N.H. resident witnesses UFO chasing jet

A New Hampshire witness claimed that he watched and... Read More