New details are being revealed about a billionaire's plans to build a city. These are the first renderings released by Flattery Associates. The plot is called California Forever. The developers say they plan to bring good paying local jobs, solar farms, open space.
California
An all-star roster of Silicon Valley entrepreneurs and venture capitalists are backing the project, including philanthropist Laurene Powell Jobs, LinkedIn co-founder Reid Hoffman, and venture capitalist Marc Andreessen. The New York Times first reported on the group’s investors and plans.
"The FBI, the Department of Treasury, everyone has been doing work trying to figure out who these people are," U.S. Rep. Mike Thompson, who represents much of the county, said this week after meeting with Sramek. "Their secrecy has caused a lot of problems, a lot of time, and a lot of expense." In many ways, Solano County is ideal for development. It is 60 miles northeast of San Francisco and 35 miles southwest of California’s capital city of Sacramento. Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.
Flannery further infuriated locals in May when it sued several landowners in court, accusing them of conspiring to fix prices for their properties. The company disclosed it had purchased or was under contract to buy about 140 properties for more than $800 million.
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